Health Potential for Employment of People to Later Age
Health Potential for Employment of People to Later Age

Summary/Abstract: Increasing life expectancy and ageing population put fiscal challenges facing government programs for social security and create a need for policy to extend the retirement age. The large-scale and long-time worked out project “International Social Security“ (ISS) studies these problems including 12 developed countries in the world. The project is organized by the National Bureau of Economic Research, supported by the National Institute on Ageing of the Population in the United States. The article considers part of the project, in particular empirical work on the seventh stage, which is focused on health as a potential of older people to increase their employment to a later age. The subject of the study is the population aged mainly 55-69. Two alternative methods and an additional approach based on self-assessment of health are applied. The results obtained show that people in pre-retirement and retirement age have significant additional health potential to work to a later age.

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