Spain | Extending working life: Why? Where are we? How to do it?

Summary

Longer working lives improve the sustainability of the welfare state and the public pension system, have positive externalities on the employment and productivity of young workers, and enhance cognitive functioning.

Key points

• Key points:
• The activity and employment rates of the Spanish population aged 55 and over are still far from those of the leading OECD economies, partly due to differences in human capital.
• How can we promote longer working lives? Firstly, by making it easier to combine work and pensions.
• And also, by removing barriers to retaining and recruiting older workers, and improving the employability and productivity of older workers.

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