Paying higher wages is one obvious approach. But they could also create flexible work schedules, increase the availability of parttime work, encourage telecommuting, increase training for older workers, and provide additional health care coverage as a way to retain and attract older workers. Such changes might also boost the labor force participation of other age groups.
Government policies can also influence the attractiveness of remaining in the workforce. For example, to raise participation rates among older individuals, policymakers could seek ways to preserve or enhance the incentives to work beyond traditional retirement ages. Government policies could also be designed to make work more attractive to other demographic groups.