The combination of rising life expectancy and a declining fertility rate has led to a rising share of older persons in the populations of European and many other advanced economies. This demographic transition, referred to as population ageing, is undoubtedly one of the key economic and social developments shaping the 21st century in European countries. In meeting the challenges arising from population ageing, many European countries have already been making important institutional and policy changes, particularly through reforms of pension systems. However, further and more widespread reforms may still be required in many of these countries, especially in the labour market and health and social care policies, so as to avoid an adverse impact of this demographic transition on potential economic growth and on public social spending.
|Title of host publication
|Ageing, Health and Pensions in Europe. An Economic and Social Policy Perspective
|A.L. Bovenberg, A. van Soest, A. Zaidi
|Place of Publication
|1 - 368
|Number of pages
|Published - 2010