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Re-balance Age dependency ratio (old) in Singapore (Sweden (Free…
Re-balance Age dependency ratio (old) in Singapore
Problem for developed countries
Low fertility rate
Aging population
Baby Boomers are getting older
Increasing dependency ratio
Singapore
Elderly dependency ratio of 16.1%
Existing measures
4 months maternity leave
Baby bonus
SGD6000 matching CDA contribution
2 weeks paternity paid leave
Potential solutions
Elderly population
More affordable annuity products
CPF enhancement
Better interest rate and payout
CPF Life
Continue to work after retirement
Legalize death planning
Housing repurchase
Working Population
Boast fertility rate
Subsidies for infant and childcare centres
Increase maternity leave to 6 months
Decreased productivity for employer
Hire contractors or interns
People talking behind the back
Loss on opportunities
Equal opportunities for pregnant ladies and mothers in the company
Flexible working hours
Increase the number of migrants into singapore
Usually young
More willing to start a family here
Replacement in the labor market
increases job market competitiveness
Potential clash of cultures
may cause locals to want to emigrate
Tax rebates
3Gen living
Sweden
Free healthcare for children up to 20 years old
Monthly income for family with children below 16 years old
Long parental paid leave
Free education for children
Flexible working hours
Elderly dependency ratio of 31.8%
Gemany
Encouraged women participation in workforce
Elderly dependency ration of 32.2%
Free education
More infant and childcare facilities
Childbirth subsidies
Accepts more migrants and refugees