Working late and the spectre of uselessness: Sustaining labour supply in a globalising economy

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A buoyant economy and strong employment growth resulting in unfilled vacancies is frustrating business. Population ageing may exacerbate this, reducing labour supply and consequently industrial output. To assist, the Government is recommending increased employment among older workers. As yet, the evidence base for informing actions is inadequate but points to complex scenarios where older workers may not necessarily fair well. Better understanding the determinants of their employment and of employer actions would help clarify the role of public policy. Also, understanding how other nations are responding is of strategic importance as this will directly influence the Australian labour market.