By Organization for Economic Cooperation and Development
This record offers an summary of the immense aging and employment coverage projects already applied in Norway during the last decade and identifies parts the place extra could be performed, overlaying either supply-side and demand-side aspects.
to offer greater incentives to hold on operating, the file recommends extra reforms within the second-pillar pension schemes, rather for public area staff. at the aspect of employers, it is very important growth in the direction of extra age-neutral hiring judgements and to check of age limits for vital retirement.
to enhance the employability of older staff, the point of interest may be to advertise job-related education with a selected concentrate on mid-career employees and to inspire projects in keeping with a full-time tradition and reliable operating stipulations for all.
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Additional info for Ageing and Employment Policies: Norway (Ageing and Employment Policies)
Consequently, in 2001, men and women aged 60-64 were working on average less than 30 hours and AGEING AND EMPLOYMENT POLICIES: NORWAY– ISBN-92-64-02045-4 © OECD 2004 CHAPTER 2. 4). With the exception of workers aged 60-64, the average number of hours worked amongst older workers is comparable to prime-age workers. As a larger share of women work part-time, it is not surprising to find that they work on average eight hours less per week than men. 4. Average actual weekly working hours in Norway by gender and age, 1995-2001 Men Women 45 45 50-54 25-49 40 40 35 35 55-59 60-64 25-49 30 50-54 30 55-59 25 25 20 20 60-64 15 15 1995 1996 1997 1998 1999 2000 2001 1995 1996 1997 1998 1999 2000 2001 Source: Norwegian Labour Force Survey.
E. the level of pension benefits relative to former earnings can be used as an indicator of whether public pension systems are constructed in such ways that they provide incentives to go on working after a certain age (OECD, 2001c). Clearly, high replacement rates provide a greater incentive to retire, all else equal, than low replacement rates. e. the change in the net present value of all future pension payments that the eligible person can expect to receive from working an additional year. Clearly pension wealth is affected not only by the size of the pension, but also by the point of retirement, since that determines over how many years the income stream is paid.
Since 1995, the average number of hours worked has fallen at least five hours per week for older and prime-age workers. The drop has been most severe for men and women aged 60-64 whose hours per week have dropped nearly nine hours and seven hours respectively. Consequently, in 2001, men and women aged 60-64 were working on average less than 30 hours and AGEING AND EMPLOYMENT POLICIES: NORWAY– ISBN-92-64-02045-4 © OECD 2004 CHAPTER 2. 4). With the exception of workers aged 60-64, the average number of hours worked amongst older workers is comparable to prime-age workers.
Ageing and Employment Policies: Norway (Ageing and Employment Policies) by Organization for Economic Cooperation and Development