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A World of “Seniors” – The Effect of the Crisis?

Author

Listed:
  • Cioban Costel-Ioan

    (Faculty of Economics and Business Administration Ia?i Doctoral School of Economics)

  • Cioban Gabriela-Liliana

    (Faculty of Economics and Public Administration Suceava)

Abstract

People’s aging has represented the consequence of a complex of factors, amongst which: the low living standards, the moral pressure on satisfying the biological needs, the stress caused by non-fulfillments and the non-contentedness, on which the crisis related to Romanian economy of the last years is added, fact that brought towards the lowering of funds allotted on protecting the people’s health and health state. The correlation of GDP on inhabitant by the weight allotted on sanitary sector from the public budget and the life expectancy have been significant. As result, after evaluating the effects related to the demographic phenomenon over people’s aging, one might establish that this has been accompanied by the fertility diminution and general death increase. In such conditions, the massive growth of old people will be firstly reflected towards the diminution of active labor force, having an immediate effect over the economic growth

Suggested Citation

  • Cioban Costel-Ioan & Cioban Gabriela-Liliana, 2013. "A World of “Seniors” – The Effect of the Crisis?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 437-442, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:437-442
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    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D60 - Microeconomics - - Welfare Economics - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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