Comments on Tomoko Kinugasa "Reaping the rewards of the second demographic dividend", 1/04/2013, http://www.eastasiaforum.org/2013/04/01/reaping-the-rewards-of-the-second-demographic-dividend/
While the first demographic dividend is logically true, the second one may still need to be fully tested, given that many older population now have already faced the longevity without necessarily the high savings made during their working age.
Further, younger working age people may use the same logic that when they are older the young may support them just the same as they are supporting the now older population.I think the more practical policy should be to make use the more important demographic dividend resulting from longevity, that is, the more experience and more accumulated knowledge of those older people and their increased health at the normal retirement age. That is the increased longevity also means the increase of working age and at the knowledge age more productive working people at older but still working age.What this means is the second demographic dividend should be more of the way to utilise both the increased working age and the increased productivity of longevity as compared to increasing savings per year during the working age.
Showing posts with label aged pension age. Show all posts
Showing posts with label aged pension age. Show all posts
2013-04-02
2009-05-19
Choices are better than forces: a comment on budget changes to the age of aged pensions
Comments on Robert Gottliebsen “A new age for old age”, 19/05/2009, http://www.businessspectator.com.au/bs.nsf/Article/Waiting-for-a-new-age-pd20090519-S6TY5?OpenDocument&src=sph.
Both the government and the Treasury officials have adopted authoritarian approach to public policies, because they saw no accountability for whatever they could do. So they, at a flip of a hand or a pen (or a stupid though, one might say), they dictated people to have to work two years longer for them to be able to receive aged pension. What a bunch of powerful people they are!
Clearly, this, as so many things in the budget, appears to have been made on the run. They are the dark-room products of an inexperienced government and incompetent officials. They should congratulate themselves for what is a difficult job that they are still employed at the time of a great recession!
What a remarkable achievement! Congratulations, your majesty – the government politicians and Treasury officials!
Why don’t they provide choices that people of old age can work if they so choose and can retire if that is what they choose to do? By working, one can have more revenue and a better living standard. By retiring they will be satisfied with their income levels and enjoy being free from working. That is a choice of life style that everyone can make for themselves, why must the government and the Treasury officials force people to have to follow their policy mistakes and myopic view of the world?
Don't you see the costs associated with your mistaken "regulations"?
Both the government and the Treasury officials have adopted authoritarian approach to public policies, because they saw no accountability for whatever they could do. So they, at a flip of a hand or a pen (or a stupid though, one might say), they dictated people to have to work two years longer for them to be able to receive aged pension. What a bunch of powerful people they are!
Clearly, this, as so many things in the budget, appears to have been made on the run. They are the dark-room products of an inexperienced government and incompetent officials. They should congratulate themselves for what is a difficult job that they are still employed at the time of a great recession!
What a remarkable achievement! Congratulations, your majesty – the government politicians and Treasury officials!
Why don’t they provide choices that people of old age can work if they so choose and can retire if that is what they choose to do? By working, one can have more revenue and a better living standard. By retiring they will be satisfied with their income levels and enjoy being free from working. That is a choice of life style that everyone can make for themselves, why must the government and the Treasury officials force people to have to follow their policy mistakes and myopic view of the world?
Don't you see the costs associated with your mistaken "regulations"?
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