How well are OECD economies harnessing the power of an older workforce?
The United Nations predicts that, between 2015 and 2030, the population of those aged 60 and above in high-income countries will grow by around a third to more than 400 million. Rapid population ageing is putting significant pressure on health and social care systems and threatening the financial sustainability of some public and corporate pension arrangements. To offset these higher costs, it would be helpful if older workers could be encouraged and enabled to remain in the workforce for longer, increasing both gross domestic product (GDP) and tax revenues. An employed and stimulated older population could also be a healthier one.
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