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A new paper links longer working lives to health and longevity, arguing that "age-based" retirement policies have led to a depletion of retirement and social security resources, as well as flawed perceptions of older workers.
The paper, authored by the president and the executive director of the Age Friendly Foundation, says that the "very definition of retirement" should be reconsidered in light of data suggesting that traditional retirement can be detrimental to worker's financial, mental and physical health.
For businesses, a higher retirement age could mean less turnover and more institutional knowledge for staff, which ultimately leads to more stability and increased customer satisfaction, the report argues.
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