Publication Type

Report

Version

publishedVersion

Publication Date

11-2018

Abstract

Many developed countries are approaching an era of ageing population due to an increase in longevity and decrease in fertility rates. Singapore is no exception, having one of the fastest ageing populations in Asia, which is driven by low fertility rates and the third longest life expectancy in the world. The number of elderly citizens, defined as those aged 65 and above, is expected to triple to 900,000 by 2030, making up about 28% of the total population in Singapore (Population SG, 2016). This changing population age profile, combined with a competitive labour market, means it makes business sense to train and retain mature workers to maintain a productive workforce contributing to the Singapore economy.

Keywords

Aging, labor force, Elderly, employee training, Singapore

Discipline

Asian Studies | Gerontology | Human Resources Management | Labor Economics

Research Areas

Applied Microeconomics

Areas of Excellence

Economics of Ageing and Healthcare Management

First Page

1

Last Page

38

ISBN

9789811408564

Publisher

Ong Teng Cheong Labour Leadership Institute

City or Country

Singapore

Embargo Period

4-28-2020

Copyright Owner and License

Singapore Management University

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