Labor Force Participation Rate and Expected Length of Retirement 1989-2066: Comparison of Several OECD Countries
Suraya Fadilah Ramli,
Noriszura Ismail,
Zaidi Isa
et al.
Abstract:The world population is aging, which along with recent shifts in the labor force participation (LFP), is having a significant longevity influence on state pension programs across the board, including Canada, Finland, Japan, and Germany. Except Japan, these countries have set their statutory re-tirement age at 65, but the impact of aging workforce and declined fertility rates create wonders on the estimate future trends in the LFP, as well as the length of retirement. In this study, we fit the LFP rates of thes… Show more
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