By Organization for Economic Cooperation and Development
This document presents an summary of the vast growing older and employment coverage tasks already applied in Norway during the last decade and identifies parts the place extra will be performed, overlaying either supply-side and demand-side aspects.
to provide larger incentives to hold on operating, the record recommends extra reforms within the second-pillar pension schemes, rather for public area staff. at the part of employers, you will need to growth in the direction of extra age-neutral hiring judgements and to check of age limits for obligatory retirement.
to enhance the employability of older employees, the focal point may be to advertise job-related education with a specific specialize in mid-career employees and to inspire projects in accordance with a full-time tradition and strong operating stipulations for all.
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Extra resources for Ageing and Employment Policies: Norway (Ageing and Employment Policies)
Clearly pension wealth is affected not only by the size of the pension, but also by the point of retirement, since that determines over how many years the income stream is paid. Thus, even if replacement rates were only modest, workers may still choose to retire rather than work an additional year if continuing to work would effectively result in a large drop in their pension wealth. AGEING AND EMPLOYMENT POLICIES: NORWAY– ISBN-92-64-02045-4 © OECD 2004 – 63 CHAPTER 3. 4. Retirement incentives in Norway and other OECD countries Percentages A.
As will be discussed in Chapter 3, the increased number of disability pensions and the introduction of the contractual early retirement scheme (AFP) appear to be the main factors behind the steep declines in the labour force participation of men aged 60-64 and 65-69. 2% in 1972 to just over 70% in 2002. However, for the age group 60-64, the increase has been less steep. Consequently, as was the case for men, the gap in participation rates between women aged 50-54 and 60-64 AGEING AND EMPLOYMENT POLICIES: NORWAY– ISBN-92-64-02045-4 © OECD 2004 CHAPTER 2.
However, in most OECD countries, the large majority of teenagers aged 15 to 19 are still in school and so it was decided to exclude this group from the denominator. 2. Both the old-age dependency ratio and the total dependency ratio are quite stable with respect to different assumptions concerning future trends in mortality, fertility and immigration. 7%. AGEING AND EMPLOYMENT POLICIES: NORWAY– ISBN-92-64-02045-4 © OECD 2004 CHAPTER 1. 2. – 37 Demographic dependency ratios, 2000-2050 Percentages 80 120 A.