Diversification of Labour Market Policy Instruments in the Process of Elderly Unemployed Occupational Activation

Abstract

Extending the economic activity of the elderly is now an important development challenge, especially given the shrinking and ageing of the population and increasing risk to the stability of the pension system. Activation of the elderly unemployed and retaining them in employment is a key priority of labour market policy. The article attempts to analyze the causes of older people’s difficulties in the labour market, reviews active labour market programs targeted to the elderly unemployed while pointing out their pros and cons. The paper suggests that in case of the elderly unemployed activation there should be complex and individually based approach. It is also recommended to use non‑standard and innovative measures at the stage of diagnosis, participation in programs and after getting employment.