Slovenia lags behind other EU members in fostering the Silver Economy -- the practice of employing seniors. Foto: Pixabay
Slovenia lags behind other EU members in fostering the Silver Economy -- the practice of employing seniors. Foto: Pixabay

Encouraging this area is a long-term strategic project that doesn't depend only on a single political term. As the participants at the roundtable pointed out, the trend can also face unexpected problems.

Participants in the roundtable devoted to the Silver Economy, which was held as part of the 18th Third Age Festival in Ljubljana's Cankarjev Dom, emphasized that this term isn't widely known in Slovenia. The head of the University of the Third Age Ana Kranjc noted that "the Silver Economy doesn't just mean that we use advertising to sell something to retirees. We retirees don't have much money, but we have other forms of capital that we can offer to society." She pointed out the paradox of barriers faced by young people entering the labor market due to a lack of experience, while people with experience often burn out. Therefore, she believes that encouraging intergenerational cooperation is vitally important.

Kranjc is critical of instances when intergenerational cooperation takes the form of "someone finding an elderly person who knows how to weave baskets and then suggesting that she teach young people to weave baskets – a skill that won't do the young much good." She believes that intergenerational cooperation is vital for the maintenance of human capital that is often ignored when it comes to seniors.

Magda Zupančič from the Ministry of Labor, Families, Social Affairs, and Equal Opportunities also stresses that seniors represent an important source of intergenerational experience and knowledge transfers. She added that Slovenia's Silver Economy potential is largely untapped, especially when it comes to keeping seniors in the workplace. According to some studies, the elderly face workplace discrimination, and are therefore less satisfied with their jobs, so they retire sooner.