Opponents of the pension reform say it’s not potential to work longer, just because there aren’t any jobs obtainable for older employees. Nonetheless, that is much less and fewer true. The share of 55-64 yr olds in employment is 52%. Ten years in the past, it was solely 40%. So there was a giant enhance.
And it’s even stronger for essentially the most certified. Bac + 2 and extra are at present 70% nonetheless working on this age group. If we solely have a look at 60-64 yr olds, that’s to say the oldest, 30% of them are at work, once more a determine that has risen sharply over the previous ten years.
Figures that are subsequently enhancing, however that are nonetheless removed from European averages, and particularly from northern Europe. In Sweden, for instance, 70% of 60-64 yr olds are at work, a proportion greater than twice that of France. And with out, it ought to be famous, youth unemployment is larger than right here. As a result of, opposite to what’s typically stated, it’s not as a result of seniors work that younger persons are unemployed.
Change in conduct of labor market gamers
Senior employment is rising right here, whereas unemployment continues to be excessive. It’s the truth is a paradox which isn’t one. People and companies have progressively tailored to the decline within the authorized age. The tipping level was double. First, the elimination of all early retirement schemes, which had been legion within the 1990s, and which served as a spillway for firms wishing to scale back their workforce. After which the postponement of the authorized age from 60 to 62, in 2010.
Which means the labor market gamers have modified their conduct, below the impact of a robust incentive. Workers now not wish to depart at age 60, at the very least those that are within the normal scheme, and out of the blue, firms maintain them greater than earlier than. And there’s each likelihood that it will likely be the identical if the contribution interval or the authorized age are elevated once more.
Unemployment charge nonetheless excessive amongst individuals over 50
Nonetheless, there are lots of unemployed individuals over 50. The truth is, those that are nonetheless working at this age keep within the job they maintain. However for many who depart it, whether or not it’s suffered or not, it is vitally tough to re-enter the labor market. Due to'actual discrimination that exists, on the labor market, towards older employees. Discrimination which is additional elevated by candidate search websites, which permit employers to type individuals by their date of start.
Amongst all these aged 60 who don’t work, many are retired, because of the various early retirement schemes that exist in France, the well-known particular plans, arduousness, skilled incapacity, and so forth. As for many who are neither retired nor at work, they signify 29% of these of their 60s. 7% are unemployed, and 22% are inactive. If we sum up, out of three French individuals aged 60, there’s one who’s working, one who’s retired, and one who’s unemployed or inactive.