The European labour market is undergoing a significant shift as the workforce ages. Later retirement, better health and increased life expectancy is driving a rise in the number of employees aged 55 or older – from 23.8 million in 2010 to more than 40 million in 2024. As a result, older workers are playing a crucial role in the labour market, with many choosing to continue working beyond traditional retirement age. At the same time, however, many older workers are leaving the labour market well before the legal pension age, often in good health and valuing their jobs – representing an important untapped potential.
Valuing job autonomy and discretion, older workers are more likely to stay in employment when they have opportunities for learning and development; hence, good job quality is essential in making work sustainable and retaining older employees.
In practice, many older workers face barriers to remaining engaged in the labour market. Ageist attitudes amongst employers are still widespread across EU Member States, hence older workers face age discrimination in the recruitment market and in the workplace; in addition, they are less likely to avail of training and development opportunities. By addressing these challenges, and by prioritising job quality, policymakers and employers can create a more supportive, age-appropriate work environment that benefits both older workers and the economy.