The work prospects of older employees: An international comparison

The labour markets in the European Community countries are faced with a massive change in the structural composition of employee age groups. This article examines the employment prospects for older persons in selected European countries. The first, introductory section gives a quantitative comparison of existing levels of employment of older persons. This group is defined on the basis of the Eurostat labour force statistics; it comprises those aged over 50 but under 65. The second section aims to give an overall picture of the different types of early pension and the different methods by which older employees were taken off the labour market in the past. In the 1970s and 1980s the countries of Europe took numerous measures to bring about early cessation of work and early pensions for older persons, in order to reduce the labour surplus at a time when unemployment was increasing. In future, however, employee age structures will develop on opposite lines (third section): demographic change will affect pensions policy financially (extending working life rather than pensioning workers off). The change in company employee age structures will begin in the 1990s. This new impending trend calls for longer-term adjustments in employment policies: these will be considered in the fourth, concluding section of the article.