💨 Abstract

The rich world faces labor shortages due to declining birth rates and apprehension towards immigration. To address this, the article suggests focusing on the "silver generation" or older workers aged 50 and above. This group already makes up a large share of the workforce in many developed economies and can contribute significantly to productivity and health outcomes. In the US and EU, labor force participation rates of older workers have been rising.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖