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

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 conference, Brussels, 13 January, February 2018 CEPS_thinktank www.factage.eu 6

FACTAGE Partners 7

The challenge of population ageing EU15 1,2 Non-workers / workers 1 0,8 0,6 0,4 65+ OADR, (20−64) 0,2 0 1995 2000 2005 2010 2015 2020 2025 2030 2035 Source: EU-LFS 8

The solution – work longer Employment rates by age groups 90 80 2035 70 60 50 40 Years worked after 54: 30 1995: 4 20 2015: 6.4 10 2035: 10.1 0 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+ EU15 1995 EU15 2015 Source: EU-LFS See also: Fechter, C. and Sesselmeier (2017). Research Report on the Changing 9 Labour Market Conditions for Older Workers. www.factage.eu

How to make it happen it? First steps – mapping socio-economic inequalities 10

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 11

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 12

Increasing the pension age for all? Health inequalities persist…. …. but have not increased during last decade. Morbidity Index, by age 50 55 60 65 70 75 80 Low skilled High skilled Source: SHARE data wave 1, 2, 4 and 5 See also: Barslund & Ludolph (Forthcoming) 13

Improving working conditions? Most (older) workers satisfied with their job… (50-59 y/o, pct.) 60 50 40 30 20 10 0 High skilled (ISCED 4-8) Low skilled (0-3) Very satisfied Satisfied Dissatisfied 14 Source: SHARE data wave 1, 2, 4 and 5

Satisfied … but still want to retire ‘asap’! Pct. wanting to retire ‘as early as possible’ 90 80 70 60 50 40 30 20 10 0 High skilled (ISCED 4-8) Low skilled (ISCED 0-3) Very satisfied Satisfied Dissatisfied 15 Source: SHARE data wave 1, 2, 4 and 5

How to increase pension ages? Next steps Scenarios for equitable pension systems trajectories (given socio-economic differences) 16

www.factage.eu THANK YOU! @CEPS_thinktank info@ceps.eu www.ceps.eu 1 Place du Congres, 1000 Brussels Tel: (+32 2)229 39 11 17