Economic Aspects of the Aging Population. Case Study on the Czech Republic

This study on the basis of data from the environment of the Czech Republic examines the future impacts of a generally ageing population connected with low natality (which does not even secure the mere reproduction of the population) on the economy. The issue of the pension system is basically left aside as this is a partial problem which has in the majority of developed countries been solved over the past several decades on the basis of political agreements. On the contrary, the study focuses primarily on solving the impact of changes in the structure of the population in key areas of the economy, on its ability to innovate, on impact in the area of creative industries and the influence on the future composition of economic activities. Furthermore, attention is drawn to several other facts connected with the process of the ageing population, i.e. on the issue of intergenerational transfer of experience. Also examined are issues surrounding the development of general added value in the economy as this datum is influenced by household consumption at a time when significant shifts in the structure of the population are expected.