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Project FACTAGE MIKKEL BARSLUND Centre for European Policy Studies - - PowerPoint PPT Presentation

Sep 28, 2022 195 likes •332 views

Project FACTAGE MIKKEL BARSLUND Centre for European Policy Studies (CEPS) 5 11 Longer working lives and socio-economic inequalities FACTAGE (factage.eu) Mikkel Barslund CEPS, Head of Ageing Societies Programme JPI More Years Better Lives

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Project FACTAGE

MIKKEL BARSLUND Centre for European Policy Studies (CEPS)

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CEPS_thinktank

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Longer working lives and socio-economic inequalities

FACTAGE (factage.eu)

Mikkel Barslund CEPS, Head of Ageing Societies Programme

JPI More Years Better Lives conference, Brussels, 13 January, February 2018 www.factage.eu

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FACTAGE Partners

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0,2 0,4 0,6 0,8 1 1,2 1995 2000 2005 2010 2015 2020 2025 2030 2035

EU15

Non-workers / workers

Source: EU-LFS

The challenge of population ageing

OADR,

65+ (20−64)

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Source: EU-LFS

10 20 30 40 50 60 70 80 90 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-75 75+

Employment rates by age groups

EU15 1995 EU15 2015

2035 Years worked after 54: 1995: 4 2015: 6.4 2035: 10.1

The solution – work longer

See also: Fechter, C. and Sesselmeier (2017). Research Report on the Changing Labour Market Conditions for Older Workers. www.factage.eu

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How to make it happen it?

First steps – mapping socio-economic inequalities

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Increasing the pension age for all?

Differences in LE at age 65: 1.1 – 3.8 years. Large differences for women: 0.6 – 5.2 years.

Source: Mosquera, González-Rábago, Martín and Bacigalupe (2018). www.factage.eu

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Missing information on LE

  • Socio-economic differences in LE not available

for all countries

  • New FACTAGE method to address this using

existing EU longitudinal data

Source: J. Klotz and T. Göllner: Estimating Differential Mortality from EU- SILC Longitudinal Data. A Feasibility Study. FACTAGE – WP 4 Deliverable 4.1. Statistics Austria, October 2017. www.factage.eu

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Increasing the pension age for all?

Health inequalities persist…. …. but have not increased during last decade.

50 55 60 65 70 75 80

Morbidity Index, by age

Low skilled High skilled

Source: SHARE data wave 1, 2, 4 and 5 See also: Barslund & Ludolph (Forthcoming)

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Most (older) workers satisfied with their job…

(50-59 y/o, pct.) 10 20 30 40 50 60 High skilled (ISCED 4-8) Low skilled (0-3) Very satisfied Satisfied Dissatisfied Source: SHARE data wave 1, 2, 4 and 5

Improving working conditions?

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Satisfied … but still want to retire ‘asap’!

10 20 30 40 50 60 70 80 90 High skilled (ISCED 4-8) Low skilled (ISCED 0-3)

  • Pct. wanting to retire ‘as early as possible’

Very satisfied Satisfied Dissatisfied

Source: SHARE data wave 1, 2, 4 and 5

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Next steps

Scenarios for equitable pension systems trajectories

(given socio-economic differences)

How to increase pension ages?

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1 Place du Congres, 1000 Brussels Tel: (+32 2)229 39 11

info@ceps.eu @CEPS_thinktank

www.ceps.eu

THANK YOU!

www.factage.eu

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