The COVID-19 Pandemic Lessons for Financially Fragile and Aging Societies

Open Access
Authors
Publication date 10-2020
Journal Work, Aging and Retirement
Volume | Issue number 6 | 4
Pages (from-to) 229-232
Organisations
  • Faculty of Social and Behavioural Sciences (FMG) - Amsterdam Institute for Social Science Research (AISSR)
Abstract The current COVID-19 crisis teaches organizations and households harsh lessons about the necessity of having buffers, to deal with the consequences of the COVID-19 virus. The financial fragility of households and the rising proportion of people becoming obese calls for intensified efforts, both by individuals and employers to create financial buffers and keep on investing in health. The financial fragility of organizations is a wake-up call that a short-term focus on efficiency can be counterproductive and may overturn the efforts to start working longer.
Document type Article
Language English
Published at https://doi.org/10.1093/workar/waaa011
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