Hiring Grandpa; Working Longer  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8728 (Apr. 2011), page 7-8.
Topik: Economic Growth; Workforce; Productivity; Capital Investment; Working Population

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.65 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Economic growth is a function of the size of the workforce, the amount of capital employed and the rise in productivity. If the workforce shrinks, as demography shows it will, all the growth will have to come from capital investment and productivity improvements. In Japan, where the working population is already getting smaller, economic growth has been minuscule, despite a good productivity record. To counteract a shrinking labour force, the retirement age needs to be raised. Around half the countries in the OECD have already acted on this or are planning to do so. In America the age at which full Social Security benefits can be claimed was recently raised to 66 and is due to go up to 67 in 2026.

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