Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 56 , 01 December 2023


Open Access | Article

Research on the Aging of Global Workforce and Solutions

Xinyue Pu * 1
1 Clarkson Secondary School, 2524 Bromsgrove Rd, Mississauga, Ontario

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 56, 7-14
Published 01 December 2023. © 01 December 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Xinyue Pu. Research on the Aging of Global Workforce and Solutions. AEMPS (2023) Vol. 56: 7-14. DOI: 10.54254/2754-1169/56/20231045.

Abstract

The twenty-first century has seen significant shifts in fertility attitudes and demographics, leading to an aging global workforce. This paper explores how different regions - the United States, Western Europe, Japan, and China - address the challenges and opportunities posed by their aging populations in terms of healthcare, social security, and employment. The main findings reveal diverse strategies. The United States combines public and private healthcare components through Medicare and private insurance. Western Europe emphasizes publicly funded healthcare, exemplified by the UK’s NHS and Germany’s multi-layered pension system. Japan’s universal coverage and pioneering Long-Term Care Insurance stand out, while China adapts healthcare for both urban and rural elderly residents. Social security systems range from Germany’s multi-faceted pensions to Japan’s comprehensive structure, and China is working to bridge urban-rural disparities. Employment trends vary, with the United States witnessing older adults extending work lives, the Netherlands introducing innovative retirement schemes, Japan promoting “active aging,” and China focusing on skill enhancement. The study suggests cross-country learning and adaptation. Each nation can benefit from the best practices of others to enhance its own strategies. Collaborative approaches can drive innovative solutions for aging populations, fostering resilient healthcare systems, inclusive social security, and age-friendly employment environments. This comparative analysis offers insights for creating a harmonious and sustainable future for aging populations globally.

Keywords

aging workforce, healthcare, social security, employment

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-159-9
ISBN (Online)
978-1-83558-160-5
Published Date
01 December 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/56/20231045
Copyright
01 December 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated