Governments must take further action to boost job opportunities at an older age, says OECD
In the face of rapid population ageing, governments must promote more and better job opportunities at an older age to protect living standards and the sustainability of public finances, according to a new OECD report.
Working Better with Age projects that, based on current retirement patterns, the number of older people (50+) out of the labour force because of inactivity or retirement who will need to be supported by each worker could rise by around 40% from 42 per 100 workers in 2008 to 58 per 100 workers in 2050 on average in the OECD area. In some countries such as Italy, Greece and Poland, there could be nearly as many or more older people out of the labour force as workers by 2050.
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