Increasing older persons' employment in Finland: in search of a new strategy

Article Abstract:

New strategies must be in place to prolong the productive phase of older workers, as well as their stay in the labor force, and to hasten the reintegration of unemployed older persons into working life. Although both tasks will prove to be a gargantuan task, it is especially difficult to lower the unemployment rate among older persons as this will surely require the implementation of fresh labor-market measures. In Finland's case, it was found that early retirement can no longer be used as a means of lowering older-worker labor-force participation and unemployment among older workers.

Author: Sihto, Matti
Finland

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Policies for a smoother transition from work to retirement

Article Abstract:

Japan's pension reforms of 1994 and retirement policies provide senior citizens ample job opportunities and incentives to continue in employment. The extension of retirement age and strong incentives for maintaining employment explain the higher work participation of older people in Japan as compared to other developed countries. The absence of overly generous unemployment benefits and pensions and loopholes in the pension systems discourage early retirement. Improved health, bequest motives and increased wages are other factors influencing the high employment of older people.

Author: Koshiro, Kazutoshi
Social policy

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The challenge of an aging work force: keeping older workers employed and employable

Article Abstract:

Japan's effective use of its aging work force provides the national economy cheap and productive labor and enables workers to continue to earn. Japan's policies and programs for older workers induces a creative work culture among the old people. In contrast, the US with its growing older population focuses on merely ensuring protection of the elderly from age-based discrimination. Although older worker employment policies characterize the labor-force trends in both countries, the US can learn from Japan's work policies and attitude towards the aged.

Author: Rix, Sara E.
Social aspects, United States

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Subjects list: Aged, Analysis, Employment, Labor supply, Labor force, Elderly workers, Japan
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