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Government policies discourage older Canadians from continuing to work

Fraser Institute: 'Removing barriers to the labour force participation of older workers in Canada is of increasing importance for a wide range of reasons. These include:

  • an aging population with increased life expectancy and a greater capacity for many older workers to continue working;

  • the approximate doubling of the senior dependency ratio (ratio of seniors to the working age population) from 20.3 percent in 2010 to 38.4 percent in 2040;

  • the banning of mandatory retirement;

  • insecurity about the adequacy of retirement income;

  • the negative health and cognitive consequences that often accompany abrupt retirement;

  • changes in the nature of work that are more accommodating to older workers;

  • dealing with the labour shortages from the “great resignations” emanating from the current pandemic.'

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