AGING SOCIETY CHALLENGES: LABOR MARKET, SOLIDARITY AND FINANCIAL PERSPECTIVE
AGING SOCIETY CHALLENGES: LABOR MARKET, SOLIDARITY AND FINANCIAL PERSPECTIVE

Author(s): Alka Obadić, Anita Pavković, Katarina Marošević
Subject(s): Labor relations, Political economy, Demography and human biology, Gerontology, EU-Accession / EU-DEvelopment, Socio-Economic Research
Published by: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku
Keywords: active ageing; solidarity; population changes; employment rate; financial investments; financial pyramid;
Summary/Abstract: Numerous studies confirm the connection between a national economy level of development and the achieved standard of living. Furthermore, life standard affects the demographic structure - natural increase, migration balance, and life expectancy. Although European trends are in line with the trends of other developed economies, the paper considers demographic projections based on selected EU-27 countries, with an emphasis on insight into the demographic projections of Central and Eastern European Countries (Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia). Changes in the population structure are significant, regardless of the development level - where developed countries do have higher rates of aging changes. The said causes are defined by improved living conditions, planning in the number of family members seen by reducing natural increase and migration balance changes. Therefore, this chapter highlights specific statistics on population projections in the Central and Eastern European countries, compared with the achievements of EU-27 countries. Besides, attention is placed on examples of active participation of the elderly as an indicator of the solidarity degree and the impact of active aging on the labor market and a phased transition to retirement.

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