A matter of health and job satisfaction
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A matter of health and job satisfaction

Seniors, work and retirement in the Nordic region

In all the Nordic countries there is a declared policy of increasing work participation among seniors. The most important reason comes from a more long-term population, generation and welfare perspective: gradually, as more and more older people live longer, it is becoming increasingly expensive for younger age groups to finance and maintain relatively generous welfare schemes. The report a matter of health and job satisfaction compares and analyses the situation of seniors on the labour market in the Nordic countries as well as pension and social insurance systems. Seven in ten seniors aged 50-64 are in work, while three in ten have either retired early or are on the way out of working life. Impaired health and capacity for work represent the most important ”exit route”, followed by voluntary, flexible pensions, unemployment and working environment. Other causes include formal and informal barriers and age discrimination. People are different, seniors not least. Health, duties and working environment are crucial to more seniors being able and wanting to work for longer, in addition to which they want to be seen, made use of and appreciated!

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    http://oecd.metastore.ingenta.com/content/tn2013-543.pdf
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Author(s):
Nordic Council of Ministers

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The backdrop to this report is provided in part by experience from the previous major economic recession in about 1990. Back then, efforts were made to help “solve” some of the unemployment problems in the population as a whole by removing large numbers of seniors from working life. The thinking was that this would reduce unemployment among younger people and promote the replacement of older people with younger in the workforce. When the economy recovered, the hope was that more new seniors would remain in work for longer.

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