Ageing is a major social, economic, political and development issue for the 21st century. Today, there are over 900 million people in the world over the age of 60. By 2050, that number will have grown to 2.4 billion, and a very large proportion of the world’s population over 60 will be living in developing countries. Inequality in income, wealth, and health may result in growing numbers of older people finding themselves in poverty. Many countries are building contributory pension systems, while large numbers of unemployed young people cannot contribute and will be at risk of poverty when they age.
To meet these challenges, it will be essential that everyone, including immigrants and women, enter the work force. Growing numbers of older people are in good health, have valuable skills and experience and are willing to make a significant contribution to society. Allowing people to stay active as they grow older and to continue contributing to society is key, but at the moment older workers are often confronted with age-linked stereotypes and discrimination. Strict enforcement of fair employment rules is critical, but we also need to transform the culture of the workplace.
As we live longer, we have the opportunity to manage our working lives with more flexibility, handle work with caring for younger and older members of society, while working part-time to supplement pensions. This will help address the fact that, millions of adult workers – often women – are struggling to balance their duties on the job with efforts at home to care for elderly parents. In many cases, the same workers are part of a “sandwich generation” that still supports dependent children (some in their twenties but unemployed). Caregiving responsibilities are one reason that workers retire sooner than they planned. Workplace rules that make room for caregiving demands, including leave policies, can help caregivers hold on to their jobs, and contribute to the broader economy.
Articles and blogs
- Solving the “super-ageing” challenge
- Elderly promise
- Older candidates, please apply
- Trust and the Wealth of Nations
Further reading
- Ageing and Employment Policies
- Pensions at a Glance: Retirement-Income Systems in OECD and G20 Countries
- Long-term care
- Gender equality
- OECD work on social and welfare issues
OECD - The Journal, 2014, Reimagining the Aging Experience
AARP International - Social Security Is a Critical Income Source for Older Americans: State-Level Estimates, 2010–2012
Mikki Waid, Fact Sheet 300, January 2014, AARP Public Policy Institute - Social Security’s Impact on the National Economy
Gary Koenig, AARP Public Policy Institute, Al Myles, Mississippi State University
Research Report, October 2013, AARP Public Policy Institute - Social Security: Who’s Counting on It?
Alison Shelton, Fact Sheet 289, August 2013, AARP Public Policy Institute - Social Security: A Key Retirement Resource for Women
Alison Shelton, Fact Sheet 288, August 2013, AARP Public Policy Institute - Social Security Keeps Americans of All Ages Out of Poverty: State-Level Estimates, 2010-2012
Mikki Waid, Fact Sheet 303, February 2014, AARP Public Policy Institute - Executive Summary: Forum Highlights
Position Paper - Key Takeaways from the sessions
Graduate Student Survey: What do future business leaders think?
Second Annual International Forum 2014: Health and Healthcare at the Crossroads of Business and Society, March 6-7, 2014, Keio Business School, Japan
Council of Business & Society - Ageing in place : technology offers new perspectives
Quality of Life Observer - Senior, 28 November 2013, Sodexo - How healthy diets and relationships can impact the affects of Alzheimer’s
Quality of Life Observer - Senior, 4 February 2014, Sodexo
Speakers
- Shiv Malik, Journalist and Author, The Guardian
- Yves Leterme, Deputy Secretary-General, OECD
- Shinichi Abe, Managing Director, Enterprise Business, Google Japan
- Ulf Kristersson, Minister for Social Security, Ministry of Health and Social Affairs, Sweden
- Herman Nijns, CEO, Randstad Belgium
- Mateja Kožuh Novak, President, Slovenian Federation of Pensioners' Organizations (ZDUS)
- Katsutoshi Saito, Chairman, Dai-ichi Life; Vice-Chair, BIAC
- Yukako Uchinaga, Board Chair, Japan Women’s Innovative Network (J-Win)
- Debra Whitman, Executive Vice-President, Policy, Strategy and International Affairs, AARP