Golden Age Index

How well are OECD countries harnessing the power of their older workers?

The 2016 edition of the report finds that:

  • The Nordic countries again perform strongly on the Golden Age Index.

  • Israel, Germany and New Zealand have shown the most significant improvement from 2003 to 2014.

  • The UK has fallen 1 place in the rankings since 2003, from 17th place to 18th place in 2014.

  • The OECD could add around $2.6 trillion to its total GDP if countries increased their employment rates for over-55s to Swedish levels.

  • If the UK’s employment rates for workers aged 55+ were increased to Swedish levels, UK GDP could be around 5.8% higher, equivalent to around £105 billion at 2014 GDP values. 

Our Golden Age Index is a weighted average of seven indicators that reflect the labour market impact of workers aged over 55 in 34 OECD countries, including employment, earnings and training.


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There could be a potential £105bn boost to UK GDP in the long-run if older worker employment rates were increased to Swedish levels

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How well are OECD economies developing the potential of their young people?

Contact us

John Hawksworth
Chief Economist
Tel: +44 (0) 20 7213 1650

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