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This presentation, delivered by Annika Sundén at the 16th Annual Meeting of the Retirement Research Consortium, discusses the increasing retirement age in European countries and the necessity for later retirement to sustain benefits, with a focus on Sweden. It highlights that fewer individuals are claiming benefits at 65 in Sweden and that workers are leaving the labor force at older ages in Nordic countries and the EU, though still below retirement age. The presentation addresses the emerging trend of more older people remaining in the workforce but notes differences among countries. Challenges such as age discrimination, financial incentives, and labor demand are discussed along with the need for public awareness campaigns to promote hiring older workers. The presentation concludes by summarizing the key points, including the rise in retirement age across Europe, automatic adjustments tied to longevity in some countries, the upward shift in average retirement age, and the continued challenges in this domain.
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Retirement in EuropeAnnika SundénPresentation at 16th Annual Meeting of the Retirement Research Consortium “Social Security and the Retirement Income System” August 8, 2014
Later retirement necessary to maintain level of benefits in Sweden
More older people are working but differences among countries remain
Less focus on labor demand • Older workers report age discrimination more often than younger workers • Priority to strengthen financial incentives • Public awareness campaigns to encourage employers to hire older workers often only measure
Conclusions • Increases in retirement age in most European countries • Several countries have introduced automatic adjustment to longevity • Average age of leaving the labor forces is moving up • Priority on financial incentives, less focus on labor demand • Challenges remain
