The number of working people over 55 is on the rise. The number of working 55-65 year-olds rose by three million between the first quarter of 2014 and the third quarter of 2019. This is according to figures from the Central Bureau of Statistics (CBS). The aging and abolition of the early pension contribute to this.
In the third quarter of 2019 there were nine million people in paid employment. That is over 106,000 more than at the end of 2018. The labor participation rate of people under 45 hardly increased. More than 60 percent of that increase is attributable to workers in the group between the ages of 45 and 75.
Especially women in that age group went to work. The net employment rate for women over 45 grew in the three quarters from 52 percent to 53.1 percent this quarter. For comparison: among men this percentage increased from 65.3 to 65.6.
In 2002, the average age at which employees retired was sixty years and more than eight months. This year is 65 years old.
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