By OECD. Published by : OECD Publishing
In Canada, the share of people elderly sixty five and over to the working-age inhabitants will double to forty five% by way of 2050. Without coverage alterations, this is able to bring about greater public bills, labour strength shortages, and slower financial growth.&n
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Extra resources for Ageing and Employment Policies Vieillissement et politiques de l'emploi Canada
Source: Statistics Canada, Labour Force Survey. Over the past decade, not unlike all OECD countries, participation rates among older women have risen faster than for older men. As a result, since 1994 the gender gap in participation rates among older workers in Canada has decreased to just under 15 percentage points in 2004 compared to 22 percentage points for the OECD average. 2 illustrates that there is still room to raise female participation rates in line with those of their male counterparts, especially in later years.
THE CHALLENGE AHEAD Part of the strategy of optimising labour supply will mean reversing the trend towards early retirement. 5 The decline has been most pronounced among women whose average age of withdrawal from the labour market has fallen over four years during the past two and a half decades to reach 62 years of age in 2004. For men, it has fallen more or less from the same level to reach 63 years of age in 2004. 5). 4. Average effective retirement age in Canada, 1966-2004 Years 67 67 66 66 65 M en 65 Wome n 64 64 63 63 62 62 61 61 60 60 59 59 -66 -68 -70 -72 -7 4 -76 -7 8 -8 0 -82 -8 4 -86 -88 -9 0 -92 -9 4 -9 6 -98 -0 0 -0 2 -04 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 Source: OECD estimates based on Statistics Canada, Labour Force Survey.
Source: National population projections (central variant) except for Greece and Luxembourg where data come from the 2004 Eurostat projections, and for Mexico and Turkey where data come from United Nations, World Population Prospects 1950-2050 (2002 Revision). 2. 1, the population composition is projected to undergo changes that may require future generations of younger individuals to bear an increased burden in funding social protection for the growing numbers of elderly people. In addition, with the population share of younger people declining and the cohort of older people growing, there may be substantial AGEING AND EMPLOYMENT POLICIES: CANADA – ISBN-92-64-01244-3 © OECD 2005 36 – CHAPTER 1.
Ageing and Employment Policies Vieillissement et politiques de l'emploi Canada by OECD. Published by : OECD Publishing