Aging population and effects on labour market

This paper analyses the influence of demographic conditions on labour market, including also in the study the impact of education. The aging and decreasing population prospects require special attention due to the pressure added on the social security systems. An older labour force is less adaptable to the changing conditions of globalization. Our findings suggest that the effects of unfavourable demographic conditions on labour market can be partially over passed by education in all developed and developing countries all over the world, but especially in European Union. This could imply a growing activity and occupation rates that create resources for supporting the next generations of older but more educated people. (C) 2012 Published by Elsevier Ltd. Selection and/or peer-review under responsibility of the Organising Committee of ICOAE 2012