Demographic changes and labour market

The increasing share of the population aged 65 and over is contributing significantly to higher expenditure on pensions, health care, long-term care and other age-related spending. Population ageing also calls for changes in social protection and employment policies, and appropriate policy responses in many other areas, including adapting the living environment and services to the needs of older people. Demographic trends are also having an increasingly significant impact on the labour market, alongside the growing impact of labour shortages. The labour market plays a central role in shaping economic and social development. Its main macroeconomic indicators include employment, unemployment and wages, which are crucial to ensuring the well-being of the population.