Role of Innovative Policies in Incentivizing Women’s Participation in the Formal Workforce: A Response to Trends in Aging Population
By Syed Munir Khasru, Avia Nahreen, and Marzuka Ahmad Radia
By 2100, almost all the G20 countries are expected to have at least a quarter of their population be age 65 and older. Issues will arise with changing national demographics. These include a potential reduction in productivity and income, and a rise in the national healthcare costs associated with aged care. This paper outlines the ways that increasing formal Female Labor Force Participation (FLFP) can be effective to offset the labor loss due to aging population. The G20 platform and its engagement groups can generate momentum towards increasing average formal FLFP by advocating for required policy changes.