Record Details

Should Paid Workforce Participation By Older People Be Encouraged? Evaluating The Pros And Cons

Labour, Employment and Work in New Zealand

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Title Should Paid Workforce Participation By Older People Be Encouraged? Evaluating The Pros And Cons
 
Creator Davey, Judith A.
 
Subject Paid Workforce Participation; older people; ageing population
 
Description The policies of many developed countries now aim to encourage older people to remain longer in the paid workforce. What are the pros and cons of this position? Longer lives and better health in later life provide opportunities for prolonging workforce participation. There is considerable evidence that having meaningful and appropriate work is beneficial to the physical, psychological and financial wellbeing of older people. Demographic trends suggest that labour and skills shortages will become more pressing in the future as younger people entering the workforce do not balance the numbers retiring. Firms which understand the implications of ageing will be better placed to address its challenges. Older workers represent a valuable and often untapped source of increased productivity. But how can we ensure that their working conditions are appropriate rather than precarious? There are social and economic benefits from having an economically active older population. It will contribute to economic growth and the maintenance of living standards and also, through taxation, help to meet the costs of an ageing population. But what about the impact on the employment prospects of young workers and on voluntary work?
 
Publisher Victoria University of Wellington
 
Date 2015-02-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://ojs.victoria.ac.nz/LEW/article/view/2215
10.26686/lew.v0i0.2215
 
Source Labour, Employment and Work in New Zealand; 2015: Labour, Employment and Work in New Zealand
2463-2600
 
Language eng
 
Relation https://ojs.victoria.ac.nz/LEW/article/view/2215/2054
 
Rights Copyright (c) 2015 Labour, Employment and Work in New Zealand