Population Aging and Worklife Duration: Myths and Realities in the Canadian Context
By Gilbert M., Yves Carrière & Marcel Mérette
Population ageing is raising concerns about labour shortage and public finance sustainability, on the assumption that increased age-based dependency ratio is a synonym of shrinking working lifespan for financing expanding lifespan consumption. However, such assumptions usually omit an appropriate account of changing labour force participation and hours worked (behavioural components) which could be playing toward or against the tides of populating ageing (structural components). This paper estimates worklife duration in Canada between 1981 and 2016 and decomposes the change during this period into demographic and behavioural components.
Source: SSRN
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