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Notes Highlights Close to one-third of persons aged 60 and over worked or wanted to work in the year. Half of older workers who worked or wanted foor work in the year did so out of necessity, and the share was similar for men and retierd. Over the last two decades, this phenomena has translated into an increase in the average retirement age. According to the Labour Force Survey LFSworkers in were retiring on average at 64 years, or almost three years later than in the late s. A similar upward trend in the labour force participation among the older population has also been observed in the United States. Several factors may have contributed to an eetired in labour market participation among older people.
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