Increasing the age of retirement would give Mexico a $ 52 billion boost: study



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If Mexico increases employment among the elderly, this would mean a long-term economic boost of of $ 52 billion amount equivalent to twice the number of jobs. estimated foreign direct investment for 2018, according to an analysis of PwC .

The study finds that the increase in labor market participation of adults aged 55 to 64, at New Zealand by 78 percent, would give the GDP GDP of Mexico ) a boost of 4.8 percent over the long term

A United States would mean approximately $ 815 billion, $ 406 billion in France and $ 123 billion in Japan; which also means helping the GDP of these economies respectively by 4.4%, 16.5% and 2.5%.

Living longer is good news, but for governments, the aging population represents pressures in budgets and health services, social assistance and the pension system because why countries need to to consider extending the workers' working life to reflect the aging of the population, this could contribute $ 3.5 trillion to GDP in the long run Organization for Economic Co-operation and Development (OECD) "

" To help offset the higher costs of an aging population, we believe that it should be encouraged and supported older workers so that they stay longer on the labor market, this will benefit GDP, consumer purchasing power and tax revenues. s, while improving the health and well-being of older workers by keeping them mentally and physically active, " John Hawksworth Chief Economist at PwC United Kingdom . ] The intelligence society took data from OECD countries for its PwC Golden Age Index research, in which it identified Iceland New Zealand and ] Israel as leaders in promoting older people's participation in work.

Between 2015 and 2050, it is estimated that the number of people aged 55 and over, in the 35 members of the OECD, will increase by nearly 50%, exceeding 500 million.

In the press release to present The research explains that for governments, the way to achieve these benefits includes the reform of the pension system and the introduction of tax incentives to encourage postponement of retirement, measures that many countries are now prioritizing in their programs. 19659010] The Golden Age Index classifies and analyzes the performance of OECD countries in promoting the participation of older persons in the labor force, through the data on employment and training. It also reveals significant potential economic gains if employment rates of people over age 55 increase.

To this end, measures are being taken to stimulate the participation of older persons in the labor market in order to: increase the age of retirement, support flexible work, improve pension flexibility and provide more training and support to help them become "digital adopters".

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