The population ageing is the main population problem of Europe. Population development may influence the economy and the economy may retrospectively influence population development. The consequences of this process may appear with a delay of several decades and they may have an unfavourable...

The issue of ageing is usually understood as a cultural and social problem in the developed countries. When addressed by economists, demographic questions are most frequently related to the pension reform or to the costs of healthcare. However, the effects of demographic change on productivity...