The highest level since 1976

2024-08-03 10:00:10

Older people continue to show up more and more on the job market. According to recent data released by INSEE, the share of people aged 60 to 64 who were employed was 38.9% in 2023, an increase of 2.7 percentage points from 2022. This improvement is part of an uninterrupted trend since the beginning of the 21st century.Egypt The statistic is likely to please the outgoing government as it allows it to get closer to its goal of full employment for this age group.

We have to go back to the beginning of Valéry Giscard d’Estaing’s seven-year term to find more encouraging figures. In 1975, the share of the working population aged 60-64 was 40.5%. Since then, it has regularly fallen for several reasons: soaring unemployment, massive recourse to early retirement schemes, especially by employees in the steel industry, the reduction of the statutory retirement age to 60 with the reforms of the Mauroy government (1981-1984), etc. This decline continued for a little over 25 years, reaching its lowest level in 2001 at 10.8%.

The curve then shifted upward again, influenced by different factors, including laws in 2003, 2010 and 2014 that modified the parameters of the retirement system to force or encourage people to extend their working lives beyond 60.

Also read | These people who are about to retire are forced to return to the job market

One of the questions that arose today was whether the 2023 reform, which will raise the pension age to 64, has had the effect of increasing the employment rate of older people in that year. Bertrand Martinot, an expert on this topic at the Montaigne Institute, responded that the impact of the text is minimal, since at this stage these provisions only concern a relatively limited number of people. In his opinion, the main explanation is “Legal powers continue to grow in 2014”the payment period required to receive a full pension was extended, and the number of dormitories gradually increased to 172 over several generations. “This is a profound shift that will continue to have an impacthe emphasized. It encourages policyholders to continue working into old age – sometimes even after they can retire. »

Far behind Germany, Sweden or Finland

Bruno Coquet, a researcher at the French Observatory on the Situation of the Economy, highlights another factor. “In recent times, the demand for labor by enterprises has probably played a role.he thinks. Faced with difficulties finding employees to fill positions, they are being asked to retain employees over the age of sixty or to recruit employees of that age group more frequently than before. »

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