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- Shorter life expectancy but the same number of years in retirement
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Danish workers retire earlier and their life expectancy is lower compared to Swedish workers. Yet Danes can still enjoy their retirement as long as the Swedes can:
Average retirement age:
Denmark: men 63.2 years; women 61.4 years
Sweden: men 64.7 years; women 64.0 years
Based on the expected remaining lifespan at 60, Danish men can enjoy their retirement for 17.4 years while Swedish men can enjoy theirs for 17.7 years.
The duration of Danish and Swedish women’s retirement is 22.2 years for Danish women and 21.5 years for Swedish women.
Source: Professor Per H. Jensen, Aalborg University
- Seniors in the Nordic region
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■ The labour force participation rate in the Nordic region is high and stable and shows little sign of changing as a result of the economic crisis
■ There are no signs of a ‘replacement policy’ of seniors to the benefit of young people in the labour market
■ The retirement age is relatively high and rising slightly
■ Retirements increase as people turn 60
■ Early retirement/retirement due to ill health/incapacity retirement is the main way out for people in their 50s
■ Early and flexible old age retirement is the main way out for people in their 60s
■ A sustainable economy, welfare and generational balance are overarching goals
■ Pension reforms are central
■ Non-discrimination, information and influencing attitudes
Source: Bjørn Halvorsen, Nordic Centre for Welfare and Social Issues
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Work Research Institute
OsloMet – Oslo Metropolitan University,
Postboks 4 St. Olavs plass, NO-0130 Oslo
The Nordic Council of Ministers is not responsible for the content