The economic and social consequences of population ageing process

Recent observing suggests that the total world population has continued the transition from the state of high fertility and mortality rates to the state characterized by low fertility and mortality v rates. The population ageing process has profound consequences on economic, social and political aspects of society because of specific needs of old persons. The main purpose of this paper is the elaboration of the economic and social consequences of an ageing population and the direct influence of the process on the labour market. The key aim is to explore the influence of old population share on total Social and health care expenditures. According to a regression analysis fir 18 European countries, an increase in the population aged 65+ share will result in an increase of total social and health care expenditures.