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Economic Crises and the Elderly

Uschi Backes-Gellner and Martin Schneider ()
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Martin Schneider: Economic Department, University of Paderborn

No 142, Working Papers from University of Zurich, Institute for Strategy and Business Economics (ISU)

Abstract: Economic crises in the last decades have swept elderly workers more than younger workers out of employment. But now the tide is turning. In affluent societies, elderly workers will have more opportunities of being employed in meaningful and well-paid jobs than ever before. On account of demographic changes, fewer (younger) workers will be around and most of the reasons that in the past have induced employers to lay off older rather than younger workers will disappear. Future employment strategies will have to focus more on an optimal age mix and on benefitting from the full potential of the elderly.

Keywords: ageing workforce; age productivity profiles; recruiting of elderly; employment of elderly (search for similar items in EconPapers)
JEL-codes: J1 M51 J7 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age and nep-eur
Date: 2011-03
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