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Impact of Demographic Changes on Economic and Social Life

In: International Conference « Global interferences of knowledge society », November 16-17th, 2018, Targoviste, Romania

Author

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  • Valerica Toplicianu

    (Valahia University of Targoviste, Romania)

  • Loredana Cristina Tanase

    (Valahia University of Targoviste, Romania)

Abstract

In Romania, as in most European countries, there is a tendency of demographic aging. This trend is based on two essential causes: a constant increase in life expectancy at birth and a decrease in birth rates. The demographic aging phenomenon has both direct and indirect consequences on the short-, medium- and long-term economic and social life of economic growth. The process of replacing generations in active working groups with those under the age of 24 will be affected as a result of demographic imbalances. Increasing the share of the elderly population will directly lead to increased economic pressure on people in active age groups. The question is, "Can the reduction in the share of the active population in the total population be offset by a corresponding increase in productivity?" If such compensation is not feasible, the likelihood of imbalances in the long run is relatively high. These imbalances are not only of an economic nature but can affect well-being in all its aspects.

Suggested Citation

  • Valerica Toplicianu & Loredana Cristina Tanase, 2019. "Impact of Demographic Changes on Economic and Social Life," Book chapters-LUMEN Proceedings, in: Maria Negreponti Delivanis (ed.), International Conference « Global interferences of knowledge society », November 16-17th, 2018, Targoviste, Romania, edition 1, volume 8, chapter 24, pages 247-257, Editura Lumen.
    • Handle: RePEc:lum:prchap:08-24
    DOI: https://doi.org/10.18662/lumproc.141
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    Cited by:

    1. Alina Iuliana Tabirca & Loredana Cristina Tanase & Valentin Radu, 2021. "Social Costs of Globalization in Emergent Economies," Book chapters-LUMEN Proceedings, in: Adriana Grigorescu & Valentin Radu (ed.), 2nd International Conference Global Ethics - Key of Sustainability (GEKoS), edition 1, volume 15, chapter 7, pages 84-93, Editura Lumen.

    More about this item

    Keywords

    population; birth rate; labor market; demographical evolution; social behavior;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • F2 - International Economics - - International Factor Movements and International Business

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