Second, older Canadians are, on average, healthier than in previous generations, and could stay in the labour force longer. Third, the nature of many jobs has changed. There are more skills-based jobs, but they are often less physically intensive and therefore can be done by older workers.
Fourth, since the baby boomers are better educated than the current cohort of retiring workers, they may find it easier to adapt to changing work environments. All of these factors mean that the aging of our population over the next two decades need not have as serious an effect on economic growth as some fear.