Lisbon’s integrated economic strategy (2011) promotes Lisbon as one of Europe’s most competitive, innovative and creative cities, aiming to create new and alternative forms of employment for all its residents in response to the economic challenges. Type I cities (ageing cities with slow population growth) need to consider how to increase the employment of young and older people to boost economic growth and increase local revenues. Type II cities (young cities, ageing rapidly) have to weigh carefully the benefits of increasing the employment of older people without sacrificing job opportunities for young people.