Labour research conference 2018: Upskilling of mature workers

• Main Authors: HOSKINS, Stephen, FACCHINELLO, Luca
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2018
• Subjects: Aging; labor force; Elderly; employee training; Singapore; Asian Studies; Gerontology; Human Resources Management; Labor Economics
• Online Access: https://ink.library.smu.edu.sg/soe_research/2374; https://ink.library.smu.edu.sg/context/soe_research/article/3373/viewcontent/2019_Upskilling_Mature_Workers_pv_LRC2018.pdf
• Institution: Singapore Management University

Many developed countries are approaching an era of ageing population due to an increase in longevity and decrease in fertility rates. Singapore is no exception, having one of the fastest ageing populations in Asia, which is driven by low fertility rates and the third longest life expectancy in the world. The number of elderly citizens, defined as those aged 65 and above, is expected to triple to 900,000 by 2030, making up about 28% of the total population in Singapore (Population SG, 2016). This changing population age profile, combined with a competitive labour market, means it makes business sense to train and retain mature workers to maintain a productive workforce contributing to the Singapore economy.