Malaysia can expect a positive growth of the second demographic dividend beyond 2060 if the government incentivise employers to re-employ retirees aged 60 and above, said Prof Naohiro Ogawa.
Ogawa, who is Universiti Malaya (UM) Social Security Research Centre (SSRC) Old Age Financial Protection chairholder, said the re-employment initiative could possibly generate about one percent of the gross domestic product (GDP) growth for the country where the ageing population in Malaysia is expected to account for about 15 percent of the total population in 2030 .. read more