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Labour Participation: Return of the Older Workers

This week, the International Monetary Fund (IMF) published their World Economic Outlook, April 2018. They discuss labour participation in the second chapter and discuss policies to encourage and enable work in advanced economies. One of the developments they highlight is the ageing population: in 2050 the dependency ratio (people of the ages 65 and older as a percent of those ages 20–64) would be 55%. Interestingly, the amount of working ‘old’ people has grown considerably since the financial crisis: from around 30% of 55+ workers, to 35%, whereas the amount of young workers has plummeted in the same period of time. (source)

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