The Impact of population Ageing on GDP in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F45773009%3A_____%2F17%3AN0000031" target="_blank" >RIV/45773009:_____/17:N0000031 - isvavai.cz</a>
Result on the web
<a href="http://www.narodacek.cz/wp-content/uploads/2019/10/Proceedings_2017_Part_I_web-56-69.pdf" target="_blank" >http://www.narodacek.cz/wp-content/uploads/2019/10/Proceedings_2017_Part_I_web-56-69.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Impact of population Ageing on GDP in the Czech Republic
Original language description
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.
Czech name
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Czech description
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Project
<a href="/en/project/TD03000156" target="_blank" >TD03000156: Preferences of seniors and the reality of their economic situation in comparation with the activities of municipalities within the program of active aging - the Manual for social departments of selected municipalities</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the International Scientific Conference: Economic Policy in Global environment
ISBN
978-80-87291-20-7
ISSN
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e-ISSN
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Number of pages
14
Pages from-to
47-60
Publisher name
Vysoká škola sociálně správní
Place of publication
Havířov
Event location
Ostravice
Event date
Aug 5, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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