BERAN, Vlastimil and Jana GODAROVÁ. The Impact of Population Aging on GDP in the Czech Republic. In Nálepová, V., Šťastná, J. (eds.). Proceedings of International Scientific Conference ECONOMIC POLICY IN GLOBAL ENVIRONMENT. 1. vyd. Havířov: Vysoká škola sociálně správní, 2017. p. 47-60. ISBN 978-80-87291-20-7.
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Basic information
Original name The Impact of Population Aging on GDP in the Czech Republic
Authors BERAN, Vlastimil and Jana GODAROVÁ.
Edition 1. vyd. Havířov, Proceedings of International Scientific Conference ECONOMIC POLICY IN GLOBAL ENVIRONMENT. p. 47-60, 14 pp. 2017.
Publisher Vysoká škola sociálně správní
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50600 5.6 Political science
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
ISBN 978-80-87291-20-7
Keywords in English seniors; household consumption; poverty; public budget
Tags International impact, Reviewed
Changed by Changed by: Ing. Jana Godarová, Ph.D., učo 174847. Changed: 27/2/2018 08:23.
Abstract
The Czech population is ageing and this undisputable trend is evident concerning all the world’s developed countries. This paper will determine the life situation of Czech seniors, their income and consumption, and their impact on overall income and expenditure in the European context based on Eurostat and Czech Statistical Office data. The transition from economic activity to senior status usually results in an income reduction and, consequently, seniors reduce their consumption. In future years the ratio of the economically active population and dependent population will change considerably. In 2050 the old-age dependency ratio in the Czech Republic is expected to reach 52%. These developments will impact the Czech economy at several levels. The reduced consumption of seniors will lead to: a reduction in aggregate household consumption a subsequent GDP growth decline or even contraction, and lower tax revenues leading to a reduction in government spending, a spiral domino effect.
PrintDisplayed: 18/1/2021 22:39