Monitoring of Policies on Older People’s Economic and Social Activities: The 4th Basic Plan for Low Fertility and Aging Society

Abstract

The Basic Plan for Low Fertility and Aging Society is created and updated every five in years in order to proactively address the aging population and declining birthrate and to adjust steadily to changes in social structure. As part of the aging society policy, measures have been taken to the support economic and social activities of the elderly, and in the 4th Basic Plan for Low Fertility and Aging Society, efforts have been taken to strengthen the measures to create an environment in which elderly workers can remain in the labor market for as long as possible. Additionally, policy initiatives have been proposed to support different social activities and ensure the quality of life in old age or retirement. This paper examines the current state of and policies on older people’s economic and social participation and suggests areas that needs to be improved upon in the Basic Plan.