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Theoretical and Applied Economics
No. 4 / 2015 (605), Winter

The Correlation between Employment and Productivity of Older Workers

Daniela VÎRJAN
Bucharest University of Economic Studies, Romania
Alina Ștefania CREȚU
Bucharest University of Economic Studies, Romania

Abstract. Romania's economy has been affected by the economic crisis and this is reflected not only in financial results, but also demographic. The population of Romania decreased in the last decade by more than 2.6 million people, reaching the lowest level in 35 years. Therefore, given the decrease of the active population available, reduces employment of the workforce and increase unemployment, this phenomenon propagating with extraordinary rapidity on the economy and living standards of the population and especially among older workers, so most of the population aging rate recorded declining activity. Labor productivity per hour or per employee, older workers has increased due to the quality of work, experience and degree of motivation professional regarding job retention. Labor productivity can be maintained as a higher level, will lead in time to a slight increase in occupancy jumps labor - default generally vulnerable age group of 55-64 years, which is the subject of this analysis.

Keywords: active aging, labor productivity, employment.

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