Time banking for a more socially inclusive retirement
Jill Miller
Australian National University
Contact Email: jill.miller
anu.edu.au
Time banks offer a way in which individuals outside paid employment, including retirees, can afford to offer and receive services through the exchange of time. Some studies on time banks in the West indicate that these organisations foster social and economic inclusion. The benefits that older time bank members derive through giving their time include a sense of personal worth, formation of new friendship networks to replace those lost on retirement and the opportunity to use old skills and learn new ones. This presentation provides the example of a time bank in Japan founded to foster a new role in society for male retirees. It is a qualitative study based on my doctoral dissertation completed in 2008 about time banks and the aged in Japan. Time banks have proved successful in a number of countries, including the United Kingdom, United States and Japan and they could be of benefit in Australia as well.
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