Economics & Sociology

ISSN: 2071-789X eISSN: 2306-3459 DOI: 10.14254/2071-789X
Index PUBMS: f5512f57-a601-11e7-8f0e-080027f4daa0
Article information
Title: The Ageing of the Population in Developed Countries – the Economic Consequences in the Czech Republic
Issue: Vol. 9, No 2, 2016
Published date: 06-2016 (print) / 06-2016 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Markéta Arltová
Luboš Smrčka
Jana Vrabcová
Jaroslav Schönfeld
Keywords: age structure, demographic change, GDP, healthy life years, life expectancy, modal age at death, migration, Czech Republic
DOI: 10.14254/2071-789X.2016/9-2/14
Index PUBMS: f6fe93bd-0280-11e8-94c4-fa163e5d4f72
Language: English
Pages: 197-219 (23)
JEL classification: I15

The ageing of the population is considered to be a cultural and social problem of developed countries. This is not, however, only a demographic problem, as it reaches into the functioning of the entire state economy, especially in the area of expected decline in numbers of people of productive age and employment connected with it, the increase in numbers of inhabitants of retirement age and pension reforms connected therewith and, for instance, healthcare costs. The period of retirement is gradually extending, but it also leads to increase of life expectancy and time lived without significant health restrictions. The problems of ageing will probably first appear in countries with a high proportion of industry and construction in the GDP. Economies with a high proportion of services will be affected to a lesser degree. The Czech Republic is a classic example of a country based on industry and construction. It is therefore probable that it will face an unsolvable problem in the near future, as the nature of its economy will be at variance with its demographic structure. It raises a question of this problem can be solved by supporting immigration.