A way of increasing the working population to help fund longer lives is to encourage more people to work past retirement age. As someone whose father retired at 72, I found a recent report by 'Eurofound' very interesting.
10.5% of EU 65-69 year old people were employed in 2011, a rise from 8.8% in 2005. For many, this was a necessity as a result of the financial crises, although the motivations vary and are complex. Many do want to continue working and it varies from country to region to industry how many actually do.
56.8% of those EU citizens aged 65 and over in employment work part time, compared to 18.5% aged 15-64. More interestingly in my opinion, there is a 49.7% rate of self employment (including my father until his eventual retirement) for 65+, whereas it's 14.3% for 15-64.
How do we make working past retirement age a want rather than a need?
Read the Eurofound study for further detail: http://www.eurofound.europa.eu/pubdocs/2012/59/en/2/EF1259EN.pdf
Category: Funding longer lives