Effective Retirement Age and Average Exit Age from the Labour Force
In international comparisons, the average exit age from the labour force is often used to measure the effective retirement age. However, the effective retirement age and the average exit age from the labour force are not the same thing, even if they are sometimes considered equal in international comparisons.
For example, people may exit the labour force without retiring or retire and still continue working. The average exit age from the labour force and employment rates are significant financial and employment policy indicators. They are also generally employed as (EU) pension policy indicators, even if they do not directly measure the effective retirement age.
Eurostat and OECD publish related international statistical comparisons.
According to Eurostat’s indicator, the average exit age from the labour force in Finland was 61.7 years in 2009. Finland ranks in the middle in the EU. In other Nordic countries the average exit age is higher.