Abstract

AimsTo assess the labour force participation and quantify the economic status of older Australian workers with multiple health conditions.BackgroundMany older people suffer from multiple health conditions. While multiple morbidities have been highlighted as an important research topic, there has been limited research in this area to date, particularly on the economic status of those with multiple morbidities.MethodsCross sectional analysis of Health&WealthMOD, a microsimulation model of Australians aged 45 to 64 years.ResultsPeople with one chronic health condition had 0.59 times the odds of being employed compared to those with no condition (OR 0.59, 95% CI: 0.49, 0.71), and those with four or more conditions had 0.14 times the odds of being employed compared to those with no condition (OR 0.14, 95% CI: 0.11, 0.18). People with one condition received a weekly income 32% lower than those with no health condition, paid 49 % less tax, and received 37% more in government transfer payments; those with four or more conditions received a weekly income 94% lower, paid 97% less in tax and received over 2,000% more in government transfer payments per week than those with no condition.ConclusionWhile having a chronic health condition is associated with lower labour force participation and poorer economic status, having multiple conditions compounds the affect – with these people being far less likely to be employed and having drastically lower incomes.

Highlights

  • IntroductionNational populations are ageing. This is true of all OECD countries, and the trend is expected to continue into the future

  • Around the globe, national populations are ageing

  • Health&WealthMOD was built upon individual record data from the 2003 Survey of Disability, Ageing and Carers (SDAC), a nationally representative survey of health and disability conducted by the Australian Bureau of Statistics[24], and STINMOD, a microsimulation model of income tax and government support payments[25,26], which is maintained and developed for the Australian Government by the National Centre for Social and Economic Modelling, University of Canberra

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Summary

Introduction

National populations are ageing. This is true of all OECD countries, and the trend is expected to continue into the future. The number of retired older individuals as a ratio of working-aged individuals is increasing – this dependency ratio is currently at around 3 to 4 individuals of working age for every elderly retired person in the United States, United Kingdom, and Australia; by 2050 the ratio is expected to decline to less than 2 people in the labour force for every retired individual[1] This makes it important that individuals of working age participate in the labour force[2,3,4]. Ill health is a key reason for exiting the labour force early, amongst older workers[6]

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