In the press
Seniors leave the labour market early and yet remain highly exposed to long-term unemployment. Luxembourg is seeking to make better use of this age group and to extend their working lives against a backdrop of talent shortages.
A snake biting its own tail. That’s the picture you get when you look at the situation of senior citizens in Luxembourg. On the one hand, the country has the lowest effective retirement age in the OECD, at 59.5, while the legal retirement age is 65. On the other hand, the employment rate for the 55–64 age group is 49%, well below the European average of 65%. And this at a time when Luxembourg is also facing a sustained decline in fertility.