How a Universal Basic Income for People Over 65 Increased New Zealand’s Labour Force Participation
Tatjana Buklijas In 2022, the New Zealand government launched the Older Workers Employment Action Plan (OWEAP), which outlined a series of actions supporting older workers, their employees as well as the broader environment1. The key driver of this action plan was the recognition of the future impact of New Zealand’s ageing population, including its labour force. While in 1993 26.6% of the workforce was aged 45-64 and only 1.2% above 65, in 2023 36.7% of the workforce was aged 45-64 and 7% over 652. This rising proportion of older workforce reflects the...