The Covid-19 Pandemic: Lessons for Financially Fragile and Aging Societies

TY - JOUR

T1 - The Covid-19 Pandemic: Lessons for Financially Fragile and Aging Societies

AU - van Dalen, Harry

AU - Henkens, K.

PY - 2020/10

Y1 - 2020/10

N2 - 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.

AB - 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.

KW - corona

KW - covid-19

KW - pandemic

KW - societies

U2 - 10.1093/workar/waaa011

DO - 10.1093/workar/waaa011

M3 - Article

SN - 2054-4642

VL - 6

SP - 229

EP - 232

JO - Work, Aging and Retirement

JF - Work, Aging and Retirement

IS - 4

ER -