Measuring the age of retirement

Transcription

1 Measuring the age of retirement Chart Retirees are younger than ever. Median age Women Men Both sexes

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3 Table 1 Distribution of ages at retirement % 000 % Total Distribution of retirees by month of departure, Both sexes Men Women % Median % Median % Median age age age All months January February March April May June July August September October November December

4 Table 2 Median age at retirement, and length and sector/class of employment Job tenure Sector/class 000 Median age 000 Median age Overall All retirees (aged 50+) * Public paid workers Private paid workers Self-employed <20 years All retirees (aged 50+) * Public paid workers Private paid workers Self-employed years All retirees (aged 50+) * Public paid workers Private paid workers Self-employed Note: Job tenure and sector/class refer to last job prior to retirement. See note 4. * Because unpaid family workers are not accounted for in the sub-categories but are included in the totals, numbers do not add to totals. Table 3 Median age at retirement by industry,* and change over time Change between periods Agriculture Business services Other services Construction Retail trade Wholesale trade Finance, insurance and real estate Health and social services Other primary Manufacturing Transportation and storage Education Provincial government Federal government Utilities Local government Communication * According to last job prior to retirement.

5 Employment rate in selected OECD countries Change Change % % point % % point Men aged 55 to 59 Women aged 55 to 59 Australia Spain United Kingdom * New Zealand France * Germany * Finland Finland Netherlands Ireland Ireland France * Spain United Kingdom * Canada * Australia New Zealand Netherlands Germany * Portugal Portugal Japan * Norway United States * United States * Canada * Sweden Norway Japan * Sweden Italy * Italy * Men aged 60 to 64 Women aged 60 to 64 Netherlands France * France * Finland Finland Germany * Spain United Kingdom * Canada * Spain United Kingdom * Netherlands Germany * New Zealand Australia Australia Ireland Canada * Portugal Ireland Norway Portugal New Zealand Italy * United States * United States * Sweden Japan * Italy * Norway Japan * Sweden Source: Organisation for Economic Co-operation and Development Notes: Second column data for Germany are for 1990; change is for 1975 to Data for Ireland and New Zealand are for ages 55 to 64. Earliest data for New Zealand are for 1986; change is for 1986 to * G-7 country.

6 Table 4 Median age at retirement by sex and education, Both sexes Men Women Education 000 Median 000 Median 000 Median age age age Total years Some secondary High school graduation Some postsecondary Postsecondary certificate, diploma or degree Table 5 Median age at retirement by province Change between periods 000 Median 000 Median Years age age Canada Saskatchewan British Columbia Alberta Prince Edward Island Ontario Manitoba Quebec Nova Scotia New Brunswick Newfoundland

7 Appendix Retirement patterns by industry * Median age 000 Median age All workers (aged 50+) Agriculture Business services Other services ** Construction Retail trade Wholesale trade Finance, insurance and real estate Health and social services Other primary Manufacturing Transportation and storage Education Provincial government Federal government Utilities Local government Communication Paid workers (aged 50+) Agriculture Business services Other services ** Construction Retail trade Wholesale trade Finance, insurance and real estate Health and social services Manufacturing Other primary Education Transportation and storage Provincial government Federal government Utilities Local government Communication Self-employed Agriculture Retail trade Other primary Construction Other services ** Note: These categories describe the last job held prior to retirement. They may or may not reflect a person s lifetime work history. * Excludes some groups with too small a sample to provide a reliable estimate, so the groups will not add to total. Likewise, industries in the self-employed category exclude unpaid family workers. ** Includes accommodation, food and beverage services, personal and household services and other services.