Economic possibilities of elderly people

Abstract

Economic independence is a compulsory condition in order to make it possible for individuals’ to control their life, to make the certain decisions and implement them. A very significant factor, securing individuals’ economic independence is employment. Changes of economical conditions, significant demographical changes and their future tendencies have an impact on the elderly people employment. The research aim – to analyze the tendencies of elderly people economic possibilities. The following tasks were set in order to reach the aim of the research: 1) to identify the factors of economic possibilities; 2) to investigate the possibilities of the participation of the elderly people in the labour market. The article discusses factors determining economic possibilities of elderly people, describes the possibilities of elderly people participation in the labour market, analyzes employment trends, income of this age group. Economic possibilities for elderly people are enhanced by using implements which are related with elimination of the direct or indirect age barriers, creating the environment where a person could develop his capabilities without experiencing negative effects considering his age. Study results suggest that economic possibilities of elderly people depend on employment opportunities, income, education, gender, etc. During the coming years, there are likely to be considerable changes in the demographic profile of the EU’s labour force. In the future proportion of the elderly people will remain in work longer, some people will work for economic reasons. The research methods are the survey and the analysis of the scientific literature, synthesis, comparison, summary, statistical data analysis, Min-Max indexes, and mean indexes.