From the age of 50, the older people become, the more their activity rate (share of economically active persons in the population) declines. Whereas in the period from 2018-2020, 90% of men and 82% of women were still working at the age of 57 (i.e. one year before the minimum age at which a pension can be withdrawn from the 2nd pillar), at the age of 64 the activity rate of men was 56% and that of women at age 63 was 52%. At age 65 36% of men were still economically active and at age 64 28% of women. 74 year-olds also continue to be active on the labour market to some extent (14% of men; 7% of women).
Over the past 20 years, an increase has been seen in the activity rate of 50 to 74 year-old women in particular. The sharp rise in the activity rate of 62 and 63 year-old women is partly due to the ordinary (legal) retirement age of women having been increased twice (in 2001 and 2005).
