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Extra info for Ageing and Employment Policies: Finland (Ageing and Employment Policies)
Moreover, the participation rate of women aged 50-54 has been above that of prime-aged women since the early 1990s at levels comparable to men in the same age group. The participation rate of women aged 55-59 has increased significantly over the past few years and is now higher than their male counterparts. In fact, Finland is the only country in the OECD where the participation rates of women in the age groups 50-54 and 55-59 are higher than for men. 3). Participation rates for men aged 25-49 and 50-64 are in the bottom half of the OECD ranking, while Finnish women in the same age groups never rank less than fourth in the OECD area.
Following the collective agreements, employers generally also top-up the benefits from the social security scheme (about 30% of the salary) for another four to eight weeks in addition to the ten days required by law. The allowance is paid for a maximum of 300 work days (Saturdays included). Nonetheless, sickness absence is quite low in Finland compared to other Nordic countries. 1). 1. 2 a) Measured as the number of people with at least one day of sickness per month as a percent of the total number of people employed, by age group.
9%, the incidence of part-time work among female older workers is particularly low, which may help explain the relatively large number of hours worked among female older workers. However, part-time employment of older men is more pronounced in Finland than in a number of other European countries, probably reflecting the subsidised part-time pension scheme (part-time work for older men is almost three times higher compared to the prime-age). 2. 6 a) Part-time work is defined as less than 30 usual weekly hours of work in the main job.