Transforming the Economics of Ageing: Promoting Senior Employment and Age-Friendly Tourism in Global Markets

Creative Commons License

Yavuz M. C.

International Congress on Social Sciences, Economics, and Finance, Sarajevo, Bosnia And Herzegovina, 30 - 31 October 2024, vol.1, no.52493, pp.304-315, (Full Text)

  • Publication Type: Conference Paper / Full Text
  • Volume: 1
  • City: Sarajevo
  • Country: Bosnia And Herzegovina
  • Page Numbers: pp.304-315
  • Open Archive Collection: AVESIS Open Access Collection
  • Çukurova University Affiliated: Yes

Abstract

The world’s population is ageing rapidly, and the number of individuals aged 60 and over is expected to more than double, surpassing 2 billion by 2050. This global demographic shift presents significant challenges for labour markets, social security systems, and public services, as older adults are often viewed as dependents. However, older individuals have substantial economic potential as consumers and workforce contributors. Promoting senior employment through flexible work arrangements, healthy living programs, skill development initiatives, and supportive technology and policies can help reduce pressure on social security systems and keep older adults economically independent and active. Similarly, age-friendly tourism practices that cater to the specific needs of senior travellers offer opportunities for economic growth, inclusivity, and improvement in the quality of life for older adults. This literature review explores how senior employment and age-friendly tourism can transform ageing economies in global markets, synthesizing existing research and identifying gaps to inform future policy development.