Research Handbooks in Business and Management series
Edited by Hemant Merchant
Chapter 8: Employability of older workers in a changing labor market: the case of a post-Soviet country
The aim of this chapter is to disclose employer attitudes to older workers in a post-Soviet country, Lithuania, and possible effects of the Soviet imprint on older worker employability. Declining birth rates, growing life expectancy and intense international migration are rapidly changing the demographic picture of Europe. Its population is rapidly aging. It is predicted that by 2060 people aged 65 and over will comprise nearly one third of the continent’s population and the median age will reach 47 years.1 Also, many European countries, especially in its Eastern part, are facing a serious depopulation challenge which in turn is escalating the speed of population aging and will potentially lead to workforce shrinkage. This in turn will bring serious challenges to sustainable economic growth in the region, as it will require higher national spending on pensions and health care, and labor markets, as employers will need to maintain the competence of older workers to be able to produce goods and services competitively on the global market and sustain their employability even beyond their official retirement age.
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