Latvia - The retirement economy - January 31, 2017

Compared with the other Baltic states Latvia is aging rapidly. The share of aged population in the national economy increases more quickly than the inflow of young and middle-aged population, i.e. persons who are at the age of labour activity. With 28%, their ratio of elderly people (>65 years) to labour force (15-64 years) is the largest in these countries and predictions go as high as 43% for 2040. Next to a low birth rate, the country is also faced with substantial out-migration of able-bodied population to other countries with good working opportunities. One of the solutions could be a paradoxical decision to lower retirement age. In order to free up jobs for young people, who particularly keenly feel the burden of unemployment and to motivate them to participate in social programs and pension funds.

English: http://www.baltic-course.com/eng ...      

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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