The report demonstrates that, due to the aging of the New Zealand population, growth in the workforce will not only slow but will eventually turn to a decline. As a result, New Zealand is likely to face labour and skill shortages. Neither immigration nor raising the birth rates is likely to solve this problem. The report argues that there is a need to improve and develop the human capital New Zealand already has by maximising the potential of older workers. The report argues that if people in mid-life are unable to contribute to their full economic capacity because of unemployment, underemployment, premature retirement, discrimination or other circumstances, then this has serious implications for their futures, for business, for society and the economy as a whole. The report explores what is known and what needs to be known about maximising the potential of workers aged 40 and over. It also provides pointers for policy and decision-making at all levels.
For a copy of this document contact New Zealand Research Institute for Research on Aging.