Healthy and active aging: economic implications

The improvement in life expectancy in Europe is a triumph for public health and healthcare services. However, it has also led to significant changes in the age structure of the population, raising concerns about the smaller percentage of the population in the workforce, potential effects on economic growth, pension accessibility, and the costs and provision of healthcare and social services.

In short, there is concern about the implications of aging for the economy, public finances, and potentially for the healthcare system if it is primarily funded through labor market-related social contributions.

Applying an economic lens to the aging population also reveals some opportunities: in many cases, the elderly are an asset rather than a cost, and with the right policies, they can contribute to both paid and unpaid work.


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