The Youth Freeze and the Retirement Bulge: Older Workers and the Impending Labour Shortage

Abstract

A decline in the number of entry-level workers, coupled with a reduction in labour force participation rates, foretells a significant shortage of workers in the near future in Canada. Can and will older workers fill this gap? A review of the changes in the Canadian industrial and occupational structures in light of current retirement patterns suggests a tentative yes to the question. Highly skilled older workers found in managerial/professional and technical occupations may well fill the bill if they can be enticed to remain in the labour force.

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