Wanted: Policies to Encourage and Enable Work in Advanced Economies

2019-03-14T12:57:05-04:00April 9, 2018|

By Francesco Grigoli, Zsóka Kóczán, and Petia Topalova

April 9, 2018 

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Aging may slow economic growth in advanced economies (photo: Zero Creatives Cultura/Newscom).

Population growth in advanced economies is slowing, life expectancy is rising, and the number of elderly people is soaring. Because older workers participate less in the labor market, the aging of the population could slow growth and, in many cases, threaten the sustainability of social security systems. But, as our research in Chapter 2 of the April 2018 World Economic Outlook shows, there is considerable scope for policies to mitigate the forces of aging by enabling those who are willing to work to do so. […]