Does Elderly Employment Reduce Job Opportunities for Youth?
The aging of populations around the world and the associated fall in the working age population are expected to adversely affect countries’ GDP growth in coming decades. These demographic shifts will also place fiscal pressure on governments, given...
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Malaysia
2021
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| Online Access: | http://documents.worldbank.org/curated/en/305061628584328766/Does-Elderly-Employment-Reduce-Job-Opportunities-for-Youth http://hdl.handle.net/10986/36170 |
| Summary: | The aging of populations around the
world and the associated fall in the working age population
are expected to adversely affect countries’ GDP growth in
coming decades. These demographic shifts will also place
fiscal pressure on governments, given the need either to
finance pension systems or to support the most vulnerable in
retirement. Extending working lives is imperative but often
politically challenging, due to the widespread belief that
extending employment for older workers will limit employment
opportunities for youth. Global empirical evidence
summarized in this brief, as well as original analysis, does
not support this belief, and in fact suggests that elderly
employment has positive effects on youth employment, on the
well-being of older workers, and on economies and societies.
There is much to gain in creating a supportive regulatory
environment to harness the economic potential of older
workers by eliminating age-biased hiring practices, allowing
for flexible working conditions, and providing equal
opportunities for upskilling and reskilling. |
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