Appreciating value: Measuring the economic and social contributions of mature age Australians

Measuring the economic and social contributions of mature age Australians

This report measures the economic and social contributions that mature age Australians make to the economic sustainability of Australia.

The economic contribution is measured as the net annual benefit to employers due to the lower labour mobility of mature age workers; this is estimated to be $27.4 billion per annum. The social contributions comprise both informal care of mature age people (estimated at $22.0 billion per annum) and volunteering (estimated at $16.3 billion per annum). The total value of economic and social contributions of mature age Australians using this study’s methodology is estimated at $65.7 billion per annum.

The findings demonstrate that mature age Australians’ contributions provide a significant offset to the often cited ‘burden’ of the ageing population.

 

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