Delaying retirement pays off

A new study finds that govt measures have boosted the number of older folk staying in the workforce. This productivity is important as Singapore becomes a super-aged society.

A new study finds that Government measures have boosted the numbers of older folk staying in the workforce.ST PHOTO: KUA CHEE SIONG

Moves by the Government to raise the retirement age and increase employment of older folk have had a positive, if uneven, impact - but are much needed, as Singapore is on the way to becoming a super-aged society by 2030.

This is the just-released finding of a research of which we at the economics department and public health school at the National University of Singapore are the principal investigator and co-investigator respectively. We used data from the Retirement Health Study (RHS).

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