Seniors’ employment rate increased in last decade, study shows

October 21, 2013 16:20

The employment rate of people aged 55 to 74 in Israel has increased in the last decade, according to a new research conducted by the Taub Center for Social Policy Studies and released on Monday.

According to the report, which will be presented at a session of the Knesset Economic Committee held at the end of next week, the per capita income of households headed by people aged 65 or older has increased significantly during the same period of time.

However, the income gaps between the Jews and Arabs have grown among the elderly population.

The study’s demographic projections also indicated a sharp increase in the elderly population in Israel in the coming years.

Researchers of the Taub Center stated that it is unclear to what extent the social security and pension system are prepared to deal with this change, and that the government should make the retirement law more flexible in order to allow those who can to continue working after the official retirement age, a step which will provide more security for the weaker groups of seniors and enabling them to live in dignity.

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