Flexicure Employment of Older People in Super-Aged Societies

This paper examines the evolving state of employment of older Japanese people. Since the rapid increase in population aging, employment options, such as re-employment, are favored over infexible retirement age extension. In order to meet these needs, the Japanese government has created new employment policies. This study shows newer models for the re-employment of the aging population in Japan. Specifcally, it shows that employment practices promoting balance between fexibility and security (i.e., fexicurity) provide successful alternatives to the re-employment of older people. Data are drawn from longitudinal research on employment con-ditions among older people conducted by the Japanese government. Using this data, the prob-ability of being employed and wage rate is ana-lyzed, including the degree of change that each factor has on the probability of older people being employed. Results indicate that super-aged soci-eties, like Japan, should promote labor markets that balance fexibility and security for re-employ-ing older people