AGEING | We can apply current labour-force participation rates to - TopicsExpress



          

AGEING | We can apply current labour-force participation rates to the population projections prepared last year by the Australian Bureau of Statistics. If we assume greatly increased life expectancy (rising from the early 80s to the early 90s), together with the two-child family and nil net migration, total participation falls to 44 per cent in 2061. This is lower than in 2013 but higher than in the prosperous 1960s. What this means is that a long-lived society enjoying zero population growth would do quite well.
Posted on: Wed, 28 May 2014 09:37:46 +0000

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