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Extending the age of the economically active population as a way of adapting to an ageing workforce

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JANOŠOVÁ Lenka

Rok publikování 2016
Druh Článek ve sborníku
Konference MIRDEC 2016 - Conference Proceedings
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
Obor Řízení, správa a administrativa
Klíčová slova age management; ageing population; employment; ageing workforce
Popis This article introduces age management as a tool for supporting economic activity into a later age. Most developed countries are currently confronted with increasingly ageing populations and are consequently raising the retirement age. This is related to a structural change in the age composition of the whole workforce on the labour market. Demographers predict that this will reach a peak in the sixth decade of the 21st century, when one third of the population is likely to be composed of people over 65 years old. On both a political and a business level, how to cope with an ageing workforce will undoubtedly be a key issue in the coming decades. Several solutions are possible, but not all are realistic. Firstly, we can rely on a sufficient flow of immigrants of working age capable of immediate participation in the European labour market, thereby compensating for the decline in the economically active population. Alternatively, we can attempt to change people’s behaviour in order to increase the birth rate, either by changing government social policy or by influencing the preferences of potential parents. Thirdly, we can keep older workers in the labour market for a longer period than is currently the norm. This paper puts forward reasons in favour of the third option, while acknowledging the possible limits and drawbacks of this solution.

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