International labor migration is an important driver of development in Asia. To support it after the pandemic, policies are needed that are not just reactive but integrated into national development strategies.
ADB economists Aiko Kikkawa and Raymond Gaspar answer questions about the role of older people in the Asian job market, based on research for their recent paper published in the Journal of Population Ageing.
Older persons have vulnerabilities related to gender, family dynamics, financial and digital literacy, access to labor markets and long-term care. Policymakers should support the region’s growing elderly population to achieve healthier and more productive lives.
Strong remittance inflows should be used as an opportunity to strengthen the systems that help overseas workers and their families back at home.
While the pandemic has affected the entire population, it has had a disproportionate impact on the older generation that built this region’s prosperity. We owe it to older persons to pursue policies that help them to make it through the crisis healthy and happy.
Наше исследование показывает, что мировая экономика может потерять более $100 млрд в денежных переводах. Правительства должны действовать быстро, чтобы защитить наиболее уязвимые слои общества от потери жизненно важных доходов.
Our research indicates that the global economy could lose more than $100 billion in remittances. Governments need to act fast to protect the most vulnerable in society from this loss of vital income.
The Asia and Pacific region is aging rapidly, and that is affecting the region’s workforce, but increased longevity is adding an unexpected element to the picture