Employment of older workers grows slowly in Europe as the retirement age rises

Featured image of the article Employment of older workers grows slowly in Europe as the retirement age rises
The employment rate among the over-55s is growing steadily as a result of the gradual rise in the retirement age in most European countries. The rate of employment remains, however, significantly lower than that for the 45-54 age group. This reflects the difficulty of getting and keeping older workers in employment. Our comparison of 31 European countries shows that the countries that emphasize lifelong learning and quality of life at work have the highest employment rates for older workers.
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The gradual pushing back of the retirement age that has begun in most European countries is still ongoing, with a resultant increase in the employment rate of employees over 55, though to varying degrees depending on the country. For most of these, the target age is 65 in 2031. Denmark, whose statutory retirement age is currently 67, is setting the bar even higher, with plans to push it back to 69. Only Greece (with 40 insurance years) and Norway (on condition of being able to claim a...

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