A new report has said that that longer life spans and longer working lives might result in people taking more risks with their careers, like starting up new businesses.
The study revealed that 40 could be the new 30 if the age for retirement was pushed back as people could take up businesses during early stage of their career and be sustained by a flow of returns to shareholders in their later lives.
It has been noted if the government had pushed the retirement age from 60 then there would be more people would be coming under the earning population.
Also in the report that took Australia as a case study, a longer working life shall raise the life-time returns to advanced education and training, thereby providing the incentive to do more of it.
