According to a study published on October 17th by the research institute on the labor market, IAB, linked to the federal Agency for employment (BA), the progressive raise of the retirement age to 67 (compared to 65 today), recently decided by the German government, could lead to a massive increase of unemployment, especially for young and low-qualified persons. (Ref. 061035)
According to IAB, at least 1.2 million additional jobs would have to be created by 2030 to counterbalance the side effects of the labor market reform. Here is the explanation: from 2012, the legal retirement age will be progressively raised from 65 to 67 years old until 2029. The reform will first concern the generations with a strong birth rate: people born in the fifties and sixties. So according to the researchers, 8.8 million Germans will be 60 to 66 years old in 2030, that is to say 1.6 mi
…Do you have information to share with us?