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The COVID-19 pandemic: Lessons for financially fragile and aging societies
van Dalen,Hendrik Peter Henkens,C.J.I.M.
van Dalen,Hendrik Peter
Henkens,C.J.I.M.
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.
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Publisher Copyright: © The Author(s) 2020.
Date
2020-10
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Covid_WAR2020.pdf
Adobe PDF, 155.87 KB
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Keywords
COVID-19 pandemic, Human capital, Financial Fragility, Uncertainty, crisis, J - Labor and Demographic Economics, G4 - Behavioral Finance, SDG 3 - Good Health and Well-being
Citation
van Dalen, H P & Henkens, C J I M 2020, 'The COVID-19 pandemic : Lessons for financially fragile and aging societies', Work Aging and Retirement, vol. 6, no. 4, pp. 229-232. https://doi.org/10.1093/workar/waaa011