Labor Force Participation Rate and Expected Length of Retirement 2001-2047: A Case Study in Malaysia
Suraya Fadilah Ramli,
Noriszura Ismail,
Zaidi Isa
et al.
Abstract:The ageing global population and changing labor force participation are having a profound impact on state pension programs worldwide, including Malaysia. However, the effects of an ageing workforce and declining fertility rates are having a significant impact on future trends in labor force participation and the duration of retirement. This paper presents an innovative examination of labor force participation rate (LFPR) forecasting within the context of an aging workforce, utilizing the Lee-Carter and Cairns-… Show more
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