About the Research
Skilled for 100? Leveraging an older workforce in Singapore is an Economist Intelligence Unit white paper, commissioned by Prudential Singapore. It is part of the Ready for 100 programme of research, which examines the opportunities and challenges that lie ahead for Singapore’s residents, employers and government as people live and remain healthy for longer.
Singapore’s workforce is visibly greying. If government policies aimed at extending careers are successful, that process could accelerate. The reward, however, would be a greater contribution from older generations of workers to sustained economic growth for the city-state. Moreover, it seems that Singapore’s older residents appear up for the challenge. With the rising labour force participation rates of older age groups, there is no more than 5% of residents aged 55-64 surveyed by The Economist Intelligence Unit state the desire to retire soon.
