By OECD. Published by : OECD Publishing
In Canada, the share of folks elderly sixty five and over to the working-age inhabitants will double to forty five% via 2050. Without coverage alterations, this is able to bring about larger public charges, labour strength shortages, and slower financial growth.&n
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Extra info for Ageing and Employment Policies Vieillissement et politiques de l'emploi Canada
Public expenditures In many OECD countries, ageing populations often have their most immediate and visible impact on public expenditures, notably the funding of public pensions, health and long-term care services. Public pensions Recent amendments to the public pension system have made the Canada Pension Plan (CPP) financially sustainable and it is not expected to pose much of a financial burden on public expenditures over the years to come. 9% in 2050. Health care costs The Canadian health care system has been at the centre of an ongoing policy debate for many years now.
AGEING AND EMPLOYMENT POLICIES: CANADA – ISBN-92-64-01244-3 © OECD 2005 CHAPTER 1. THE CHALLENGE AHEAD – 39 In fact, if participation rates among older workers alone can be raised to the maximum OECD level in 2000 by 2030, the labour force in 2050 would be greater by 3 million individuals compared to the constant scenario. 1 million individuals to the labour force compared to the maximum 50+ scenario. This highlights the importance in particular of removing the barriers to employment for older workers and its potential impact.
8% for men and women aged 60-64, respectively. AGEING AND EMPLOYMENT POLICIES: CANADA – ISBN-92-64-01244-3 © OECD 2005 CHAPTER 2. 3. 8 Source: Statistics Canada, Labour Force Survey. B. 8%. 11). And while there has been a steep fall in the unemployment rate of older workers since the early 1990s, their unemployment rate remains above levels reached in the late 1970s. 12). In the case of Newfoundland and Labrador, the unemployment rates for both men and women are more than double the national average.