Publication Type
Report
Version
publishedVersion
Publication Date
2017
Abstract
In the last decade, the Singapore resident population has grown older with more elderly and fewer younger people. As Singapore Department of Statistics noted, the proportion of residents aged 65 years and over has increased from 9% to 13% over the past ten years. There are now fewer working-age adults to support each resident aged 65 years and over as indicated by the falling resident old-age support ratio from 7.7 in 2007 to 5.1 in 2017. The support ratio is expected to halve to 2.5 by 2030. As Singaporeans are both living and working longer, it is vital for the Labour Movement to understand issues surrounding mature workers and be adequately prepared with relevant programmes. One pertinent aspect of mature workers is their retirement adequacy. Together with the Centre for Research on the Economics of Ageing (CREA), Ong Teng Cheong Labour Leadership Institute (OTCi) undertook a joint research project on ‘Retirement Adequacy of Mature Workers in Singapore’. The study sought to observe differences in Union members and non-Union members on income, spending, savings and employment stability to better understand the retirement adequacy of workers aged 50 to 70, and to sharpen programmes and advocacy efforts accordingly.
Keywords
Retirement, workers, ageing, Singapore
Discipline
Asian Studies | Behavioral Economics | Gerontology | Labor Economics
Research Areas
Applied Microeconomics
First Page
1
Last Page
19
ISBN
9789811165153
Publisher
Ong Teng Cheong Labour Leadership Institute
City or Country
Singapore
Embargo Period
2-14-2019
Citation
VAITHIANATHAN, Rhema and HOSKINS, Stephen.
Retirement adequacy of mature workers in Singapore. (2017). 1-19.
Available at: https://ink.library.smu.edu.sg/soe_research/2244
Copyright Owner and License
Singapore Management University
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Included in
Asian Studies Commons, Behavioral Economics Commons, Gerontology Commons, Labor Economics Commons