Assessing the Suitability of the Elderly for Employment
Yoshio Yazaki
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Yoshio Yazaki: President, International Medical Center of Japan
The Geneva Papers on Risk and Insurance - Issues and Practice, 2002, vol. 27, issue 4, No 4, 534-539
Abstract:
Abstract With a rapidly aging society, labor force participation is reduced, and the demands placed on social security, nursing care and medical costs increase. The sustainability of current levels of social security and health guarantees in developed countries is a major issue. However, in my opinion, as a medical professional, it is wrong to focus only on the fact that, in an aging society, people are dependent on medical care and welfare. This reflects a lack of understanding of the productive role that the elderly play in society. Because of this, society, and even the elderly themselves, think that older people are a burden on society. To fully employ the abilities of the elderly not only compensates for the reduction of human resources in the labor force, but also delays the onset of physical impairment and thus leads to a reduction in social costs.
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gpprii:v:27:y:2002:i:4:d:10.1111_1468-0440.00189
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DOI: 10.1111/1468-0440.00189
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