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@inproceedings{1398963,
author = {Beran, Vlastimil and Godarová, Jana},
address = {Havířov},
booktitle = {Proceedings of International Scientific Conference ECONOMIC POLICY IN GLOBAL ENVIRONMENT.},
edition = {1.},
editor = {Nálepová, V., Šťastná, J. (eds.)},
keywords = {seniors; household consumption; poverty; public budget},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Havířov},
isbn = {978-80-87291-20-7},
pages = {47-60},
publisher = {Vysoká škola sociálně správní},
title = {The Impact of Population Aging on GDP in the Czech Republic},
year = {2017}
}
TY - JOUR
ID - 1398963
AU - Beran, Vlastimil - Godarová, Jana
PY - 2017
TI - The Impact of Population Aging on GDP in the Czech Republic
PB - Vysoká škola sociálně správní
CY - Havířov
SN - 9788087291207
KW - seniors
KW - household consumption
KW - poverty
KW - public budget
N2 - 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.
ER -
BERAN, Vlastimil a Jana GODAROVÁ. The Impact of Population Aging on GDP in the Czech Republic. In Nálepová, V., Šťastná, J. (eds.). \textit{Proceedings of International Scientific Conference ECONOMIC POLICY IN GLOBAL ENVIRONMENT.}. 1. vyd. Havířov: Vysoká škola sociálně správní, 2017, s.~47-60. ISBN~978-80-87291-20-7.
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