Let old folk work

Article Abstract:

There is a need for older people to continue in employment for demographic reasons since otherwise there will be too few people paying taxes for those drawing pensions. Older people often have little choice but to retire, and governments have sometimes encouraged them to do so in order to cut numbers of unemployed. The state pension system pushes people into retirement, and, while some do not want to return to work, others may wish to do so. Early retirement has started to drop in the US, where tax disincentives against working are being withdrawn, and there are plentiful employment opportunuities for older people.

Editorial

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Can America's work force grow old gainfully?

Article Abstract:

The US work force is ageing and this involves an increase in the work force aged from 50 to 59-years old to 27 million in 2005 from 20 million in 1997. Longer term forecasts are difficult due to the impact of migration. Large companies tend to employ few workers aged over 55-years-old, but some companies have focused on older people and claim that they are more loyal, flexible and harder working. There are also disadvantages such as higher pension and health-care costs, and less employee mobility. Older people also recover from illnesses more slowly, though they are less likely to have accidents at work.

Employment, People by Age, Social aspects, United States economic conditions

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A full life

Article Abstract:

There is a need for older workers to stay in the work force, since the population is ageing, and there would otherwise be too few workers supporting too many people who are retired. A larger proportion of the US population aged from 60 to 64 years is in work than is the case in some European countries, but it is still only some 50%. Living standards could drop as the population ages, with a higher drop forecast for Japan than Europe, and higher in Europe than in the US. Older people may have better diplomatic skills, and may reimain in their jobs for longer than younger people.

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