Labour force participation and well-being among older New Zealanders

Authors

  • Michael P Cameron
  • Matthew Roskruge

DOI:

https://doi.org/10.26686/pq.v10i3.4503

Keywords:

labour force participation, demographic changes is an ageing of the labour force, New Zealand Superannuation (NZS), affordability of universal superannuation, retirement planning

Abstract

The population of New Zealand, along with those of other developed countries, is ageing rapidly. The rate of population ageing is unprecedented, with the number of New Zealanders aged 65 years and over projected to increase from 553,000 in 2009 to 1.07 million in 2031, and to 1.44 million in 2061 (Statistics New Zealand, 2010). Importantly, the ratio of those aged 65 years and over to those aged 15–64 is projected to increase from 0.19 (older people per person aged 15–64) in 2009 to 0.34 in 2031 and to 0.43 in 2061. This more than doubling of the ratio of older people to those in the prime working and income-earning ages represents a dramatic demographic shift which has implications for New Zealand.

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Policy Quarterly volume 10 number 3 2014

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Published

2014-08-01

Issue

Vol. 10 No. 3 (2014): Policy Quarterly

Section

Articles

License

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