The COVID-19 pandemic: Lessons for financially fragile and aging societies

Hendrik Peter van Dalen; C.J.I.M. Henkens

doi:10.1093/workar/waaa011

The COVID-19 pandemic: Lessons for financially fragile and aging societies

Hendrik Peter van Dalen, C.J.I.M. Henkens

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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.

Original language	English
Pages (from-to)	229-232
Number of pages	4
Journal	Work Aging and Retirement
Volume	6
Issue number	4
DOIs	https://doi.org/10.1093/workar/waaa011
Publication status	Published - Oct 2020

Keywords

COVID-19 pandemic
Human capital
Financial Fragility
Uncertainty
crisis

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10.1093/workar/waaa011Licence: CC BY

Covid_WAR2020Final published version, 156 KBLicence: CC BY

Cite this

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The COVID-19 pandemic: Lessons for financially fragile and aging societies

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Keywords

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