Author(s): Aykut AYDIN, Muharrem ES

Demographic aging, which is explained by decreasing birth rates and increasing average life span, naturally increases the rate of elderly population in the total population. The increase in the elderly population rate has various effects; from health policies to social security; from micro to macro economy, from environmental issues to education and even to family structures and social relations and it has many results. The change that occurs with the increase in the elderly rate in the total population does not only mean a change in the population structure, it also changes the structure of the workforce in which a significant part of the population is located. Aging of the workforce, which is one of the concepts representing the production power of a country; causes us to rethink working life by changing labor supply, labor productivity, labor demand and economic growth, work behaviors, unionization trends and actuarial balance, which is a sine qua non of the social insurance system. Strengthening the social capital of older adults in and out of employment will reduce existing and potential risks in favor of older adults by evaluating their existing disadvantaged positions together with assuming that older people, who are one of the disadvantaged groups with the aging of the societies, may be more involved in working life. In this study, the effects of demographic aging on labor markets, the problems it creates and the contributions of strengthening the social capital of older adults will be discussed.


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