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Elderly Population and Labour Market Stabilization in Europe - The Case of Slovenia

Author

Listed:
  • Ovin Rasto

    (Doba Business School Maribor, Slovenia)

  • Divjak Marko

    (Doba Business School Maribor, Slovenia)

  • Čič Živa Veingerl

    (Doba Business School Maribor, Slovenia)

  • Maček Anita

    (Doba Business School Maribor, Slovenia)

Abstract

The growing share of the retired population in Europe worsens the balance of the social costs as social consensus in most European countries rests on extensive social transfers for this population group. With its 25% share in GDP and 50% share in social transfers, the European (continental) model is indeed not sustainable when compared globally. The current prevailing model of “rejuvenation” of the labour market through immigration did not prove as a sustainable solution. The same is valid for the perspective of fast technological change. It is based on filling the labour market with low-paid jobs enabling host economies to leave aside the imperative permanent change in the labour market structure. This paper discusses the case of Slovenia and tries to search the reasons for the absence of elderly population in the labour market in this country. Based on the data comparison and disposable studies, authors try to identify the main issues when endeavouring to keep elderly population in the labour market.

Suggested Citation

  • Ovin Rasto & Divjak Marko & Čič Živa Veingerl & Maček Anita, 2021. "Elderly Population and Labour Market Stabilization in Europe - The Case of Slovenia," Naše gospodarstvo/Our economy, Sciendo, vol. 67(2), pages 40-48, June.
    • Handle: RePEc:vrs:ngooec:v:67:y:2021:i:2:p:40-48:n:1
    DOI: 10.2478/ngoe-2021-0011
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    References listed on IDEAS

    as
    1. Kalwij, Adriaan & Vermeulen, Frederic, 2005. "Labour Force Participation of the Elderly in Europe: The Importance of Being Healthy," IZA Discussion Papers 1887, Institute of Labor Economics (IZA).
    2. Michael D. Hurd, 1996. "The Effect of Labor Market Rigidities on the Labor Force Rigidities on the Labor Force," NBER Chapters, in: Advances in the Economics of Aging, pages 11-60, National Bureau of Economic Research, Inc.
    3. Mr. Shekhar Aiyar & Mr. Christian H Ebeke, 2016. "The Impact of Workforce Aging on European Productivity," IMF Working Papers 2016/238, International Monetary Fund.
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    More about this item

    Keywords

    elderly population economic activity; labour market; HRM gap in Slovenia;
    All these keywords.

    JEL classification:

    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General

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