In FOCUS / 2015-01-19
Employment of older people is steadily increasing
After the introduction of deduction-free pension at the age of 63, the prolongation of working life up to the age of 70 is an issue currently under discussion. The idea is that employees will have greater flexibility over their exit from the labour force.
In recent years, the employment of older people has increased continuously. While roughly 28% of the 60 to 64-year-olds were in employment in 2005, that proportion had risen to half of the age group (50%) by 2013. Among the 65 to 69-year-olds, that is, among people beyond statutory retirement age, 13% were still working in 2013, up from 6% in 2005.
Differences in employment are also observed for older-aged men and women. While 57% of the men aged 60 to 64 were employed in 2013, the figure for women was just 43%. Among the 65 to 69-year-olds, 16% of the men were still working compared to just 9% of the women.