Original article by Lucille Keen
The Australian Financial Review – Page: 7 : 25-Jul-16

A new study by PwC shows that Australia is ranked 16th among OECD nations in terms of retaining older employees in the workforce. The PwC Golden Age Index estimates that the nation’s GDP could be boosted by 4.7 per cent by ensuring that more older people – particularly the 55+ age group – remain in the workforce. This would equate to an annual increase in GDP of about $A78bn. Jeremy Thorpe of PwC warns that it would take about 10 years to achieve such an increase in GDP via measures aimed at lifting workforce participation among older age groups.

CORPORATES
PRICEWATERHOUSECOOPERS, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, AUSTRALIA. DEPT OF HUMAN SERVICES. CENTRELINK, UNIVERSITY OF MELBOURNE