Population ageing and future labour market challenges

Abstract

The chapter provides an overview of the labour market challenges posed by a fast ageing global population. It shows that, while the ratio of potential retirees per person participating in the labour market is expected to increase markedly by 2030, the average age of those in the labour force is also set to gradually increase over the same period. These dynamics pose the dual challenge of keeping retirees out of poverty while promoting decent work outcomes for the growing share of older workers in the labour force. The chapter concludes by highlighting a number of policy options to tackle these challenges.