The length of time Irish people are forecast to spend in the labour market has increased to 37 years, above the European Union average of 36.2 years, new figures from Eurostat suggest.

The figures indicate the time people aged 15 years in 2018 are expected to spend in the labour market, either employed or unemployed, throughout his or her life, Eurostat said.

The average expected duration of working life in the EU has increased by 0.3 years since 2017 and is 3.3 years longer than it was in 2000. In the Ireland, it has also nudged up 0.3 years compared to a year ago and is 3.8 years longer than at the start of the century.

For men across the EU, the average expected working life duration is 38.6 years, some 4.9 years longer than for women, at 33.7 years. In the Republic, the figure for men was 40.4 years compared to 33.6 years for women, a gender gap of 6.8 years.

Expected length of Irish working life increases to 37 years

Sweden had the longest expected working life among EU states at 41.9 years, followed by the Netherlands at 40.5 years. On the other end of the spectrum, Italy had the shortest expected working life at 31.8 years, followed by Croatia at 32.4 years and Greece at 32.9 years.

Eurostat said there was a clear east/west division regarding the average expected duration of working life, with eastern countries tending to have shorter working life spans than ones on the western side. Italy, Belgium and Luxembourg were exceptions to the rule.

The range of average working life duration in the EU was exceeded at both ends of the range by two non-EU countries: Iceland, where it stands at 46.3 years, and Turkey, where it was calculated at 46.3 years.

In the Republic, the expected average working life length for women has increased by seven years since 2000, while the rise for men over that time has been just one year.

Copyright, source & Image: Irish Times