Demographic changes and labour market

Population ageing has a significant upward impact on expenditure on pensions, health care, long-term care and other age-related spending. It 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. In addition to exacerbating labour shortages, demographic trends aare having an increasingly significant impact on the labour market. The labour market plays a central role in shaping economic and social development. Its main macroeconomic indicators - employment, unemployment and wages - are crucial determinants of the population's well-being.