1945

Coverage of pension systems and participation of older adults in the labour market

In most countries of the region, over half of all older adults receive no retirement or pension and therefore need to earn income on the labour market. Moreover, from 40% to 60% of the older adult population receives no income from any of these sources, has become financially dependent and socially vulnerable and has found it necessary to live in multigenerational households. The few countries that have relatively broad pension coverage hold out greater possibilities for older adults to maintain financial independence and residential autonomy and to leave the labour market upon reaching retirement age.

Related Subject(s): Economic and Social Development
/content/books/9789213633816s011-c007
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