Ageing and Employment Policies: Finland (Ageing and by Organisation for Economic Co-Operation and Development

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The first three columns present the estimates of total mobilisable labour resources and how this is divided between excess inactivity and excess unemployment. 8 percentage points (76%) is attributable to inactivity. This is the tenth highest level of mobilisable resources in the OECD area. Those aged 50-64 account for nearly two-thirds of this excess inactivity. Moreover, men aged 50-64 account for over half of all excess inactivity, identifying them as one of the groups that policy should focus on in particular.

Change in pension wealth from working an additional year Finland Sweden Germany US 80 60 40 20 0 -20 -40 -60 -80 55 56 57 58 59 60 61 62 63 64 65 66 67 68 a) Net replacement rates from public pensions including occupational pensions, where relevant, for workers earning the equivalent of Average Production Worker (APW) earnings in each country. For Finland, these calculations are based on the current pension system. Source: OECD estimates. AGEING AND EMPLOYMENT POLICIES: FINLAND – ISBN-92-64-02030-6 © OECD 2004 61 B.

The age groups refer to a worker’s age in 1995 (1996). The data for Japan refer to regular workers in enterprises with ten or more regular workers, excluding the agricultural, hunting forestry, fishing and general government sectors. The data for the other countries are based on labour force surveys covering all workers. Source: Japanese Basic Survey on Wage Structure; European Labour Force Survey; Job Tenure supplement to the US Current Population Survey. e. the 4 proportion of all workers who are still in their jobs five years later, were calculated.

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