Older people and transitions from employment to nonemployment: International perspectives and policy issues

Abstract

The Organization for Economic Co-operation and Development (OECD) has identified population aging as one of the most important challenges facing OECD countries and has highlighted the need for people to work longer and for job prospects for older workers to be enhanced. This article provides a summary review of a recent OECD report, Ageing and Employment Policies-Live Longer, Work Longer, as a platform to highlight differences between countries in demographic profiles and projections and in patterns of formal labor market participation among older workers. Drawing on selected information from a broader evidence base, it unveils important differences between countries in the scale of demographic and associated labor market challenges. It also explores factors affecting labor market transitions among older workers and age-related and other barriers to paid work among older people, emphasizing the diversity of experience between individuals. Finally, it highlights some strategic challenges for policy.