Taiwan: Panel Recommends Labor Participation Rate of Older Workers

As part of its broad vision of development for Taiwan's industries through 2015 in order to raise their competitiveness and guide them to increase their level of domestic investment, the Panel on Enhancing Industrial Competitiveness has reached broad consensuses on three issues that are critical to economic investment, including the labor market and human resources. As part of this, the Panel has concluded:

The rate of employment of the middle-aged and elderly should be increased and the phenomenon of premature withdrawal from the labor market should be rectified. Barriers to employment for the middle-aged and elderly should be eliminated, systems currently in place concerning retirement be amended, and the minimum retirement age be raised.

Source: Panel on Enhancing Industrial Competitiveness Key Conclusions of the Conference on Sustaining Taiwan's Economic Development (July 27, 2006)