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Ageing of Population and Demographic Consequences in Future Labour Market Trends

In: Managing Structural Changes - Trends and Requirements

Author

Listed:
  • Sasa Milivojevic

    (Institute of Economic Sciences)

  • Dragan Filimonovic

    (Institute of Economic Sciences)

Abstract

Ageing of population in Serbia will lead to considerable decrease in labour force in the next fifty years. Such demographic transition will cause certain economic effects. The shift in working age population structure will lead to reduced activity rates and increased dependency ratios. Furthermore, as a consequence of demographic changes, the pressure on public finances will become more intensive in years to come. Moreover, the economic development and future employment rate during the intensive ageing, would very much depend on needed structural economic changes towards the industrial production. In order to strengthen and enhance the labour force, government will have to promote life-long learning programmes and active policy measures, combining them with reforms in several vital economic sectors.

Suggested Citation

  • Sasa Milivojevic & Dragan Filimonovic, 2012. "Ageing of Population and Demographic Consequences in Future Labour Market Trends," Book Chapters, in: João Sousa Andrade & Marta C. N. Simões & Ivan Stosic & Dejan Eric & Hasan Hanic (ed.), Managing Structural Changes - Trends and Requirements, edition 1, volume 1, chapter 23, pages 427-443, Institute of Economic Sciences.
    • Handle: RePEc:ibg:chaptr:msc-23
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    References listed on IDEAS

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    1. David E. Bloom & David Canning & Günther Fink, 2010. "Implications of population ageing for economic growth," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(4), pages 583-612, Winter.
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    Keywords

    Ageing; labour force; reforms;
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