Brian Beach, Research Fellow at ILC-UK, gave a presentation on ‘The opportunities and challenges of an older workforce’ at the launch event for the Research on Extending Working Lives (renEWL) programme at University College London on 16 July.
1. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
The opportunities and
challenges of an older
workforce
Brian Beach, Research Fellow
International Longevity Centre – UK
@ilcuk
2. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
ILC-UK Planning Tomorrow, Today
Westminster based think tank
Evidence based research organisation
Focussed on policy
Take a balanced approach to intergenerational fairness
Independent
Well respected
Experts in ageing, demography and longevity
Well networked – part of an international network
3. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
We have worked extensively on older workers
www.ilcuk.org.uk
4. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Explored what works
Why do some EU countries do much
better than others when it comes to
older workers?
Policy and evidence review
28 country profiles
Event in Brussels (EESC)
Incorporated latest statistics
5. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Since the 1970s..
1970s-90s: Long-term falls in the participation
of older workers continues due to
unemployment; public and private pension
schemes incentivising early retirement; and
the provision of relatively generous pension
schemes and social security.
1995-2007: The long-term falls in employment
of older people across Europe begin to reverse
as incentives to retire early are reduced.
Post 2007: The growth in the participation of
older workers across Europe continues despite
the recession. However, unemployment
amongst older people increases.
6. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Why do we need to work longer?
We are living longer
More of us expect to work longer
We will need the money
Governments are beginning to link age of pension receipt to longevity
Fewer people of working age
Migration will not solve the problem
High costs associated with ageing
7. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Half of 55-64 year olds across Europe are not in work
8. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
We are living longer
9. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
A retirement, not an ageing problem
10. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Seven Challenges to overcome
Achieving gender equality
Skilling up the older workforce
Supporting older people in the recession
Matching the demand and supply of older
workers
Tackling ageism
Improving health
Recognising the diversity of the working
experience
11. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Challenges
Achieving gender equality
Female LE is higher across the EU, 5.9 years on average; yet despite
living longer across the EU, women participate less in the labour
market and retire earlier
Skilling up the older workforce
The current cohort of older workers in Europe have low levels of
education and qualifications compared to younger groups, and are
more likely to have worked in agriculture and production
12. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Challenges
Supporting older people in the recession
Matching the demand and supply of older workers
Creating the right jobs to meet the needs and wishes of the supply
of older workers
Need to focus on demand: more part time work opportunities?
Tackling ageism
Large numbers of employers are opposed to the idea of employees
working past 60, let alone 65.
13. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Challenges
Improving health
Poor health leads to labour market exit, but the picture is complex.
Ill health does not impact the retirement decisions of different social
groups in equal ways.
Recognising the diversity of the working experience
Older workers across Europe are more likely than other ages to be
self employed, on open-ended contracts, or working part-time.
Need a better understanding of the informal economy in relation to
older workers
14. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
What should be done to support working longer?
Taking a life course approach to working longer
Better use of fiscal incentives to support working longer
Changing incentives for early retirement
Creating more, better, and more appropriate jobs for older workers
Gradual retirement and flexible working is vital
Tackling inequalities (including in lifelong learning and training)
Ensuring the research agenda contributes to extending working lives
15. The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Many thanks
Brian Beach
Research Fellow
International Longevity Centre – UK (ILC-UK)
brianbeach@ilcuk.org.uk
02073400440
Twitter: @ilcuk