Employment Situation in Latin America and the Caribbean. Labour market participation of older persons: needs and options

Employment situation in Latin America and the Caribbean is a twice-yearly report prepared jointly by the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC) and the Office for the Southern Cone of Latin America of the International Labour Organization (ILO), headed by Daniel Titelman and Fabio Bertranou, respectively. Work on the document was coordinated by Gerhard Reinecke, Senior Expert on Employment Policies of ILO, and Jürgen Weller, Chief of the Employment Studies Unit of the Economic Development Division of ECLAC.

The report concludes by focusing on the challenge of expanding pension system coverage and supplementing them with non-contributory pensions to reduce the pressure on older people to continue working, usually in low-productivity jobs, just to have a minimum standard of living at an age when societies should guarantee them the conditions to enjoy their old age with dignity. Moreover, the accelerated ageing process seen in many Latin American countries will require analysis of the conditions and funding needed for inclusive and sustainable pension systems. Policies must be implemented that guarantee proper working conditions for those older persons who prefer to continue working beyond retirement age, without infringing the rights they have acquired over the course of their working lives while offering flexible conditions, such as part-time work.

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