The Impact of Aging on Labour Market Participation Rates /

Introduction In recent years, there has been a slow and steady decline 55 and over in the population have increased due to a in the overall labour market participation rate, which is number of factors, particularly the aging of the baby-boom the ratio of employed and unemployed people to the total generation, but also below-replacement fertility rates for working-age population (aged 15 and older) [...] Since The recent growth in the population aged 55 and over 2007—just before the Canadian economy was hit by the is more specifically associated with the aging of the baby 2008/2009 recession—the participation rate declined boom generation. [...] Aging had an impact on as in that reference year.9 Using this In the years after 2003, the age- labour market participation technique, the following question standardized participation rate began rates can be answered: What would the to trend up while the actual rate began evolution of the participation rate to trend down. [...] The gap between the The participation rates for people have been if the age structure had actual participation rate and the age- 55 and over. [...] In 2016, diploma or less, and 44% for those in for the positive impact of a better- their rate was 38%, the highest since the middle of these two categories educated population, the impact of the collection of comparable statistics (with a trades certificate or college aging on participation rates would in 1976.