Demographic Shifts and Economic Challenges in the European Union

Szűcs, Petra (2024) Demographic Shifts and Economic Challenges in the European Union. EURÓPAI TÜKÖR: AZ INTEGRÁCIÓS STRATÉGIAI MUNKACSOPORT KÉTHAVONTA MEGJELENŐ FOLYÓIRATA, 27 (1). pp. 87-106. ISSN 1416-6151

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Abstract

This study explores the significant demographic shifts and economic challenges faced by the European Union (EU), focusing on the implications of an ageing population. As life expectancy increases and birth rates decline, the proportion of elderly individuals in the EU rises, placing substantial pressure on social security, healthcare systems and labour markets. This paper examines the multifaceted impacts of these demographic changes, including the strain on healthcare services and pension schemes, the potential for economic growth through the productivity of senior employees, and the necessity for holistic strategies that address regional and national variations. Additionally, the research delves into the effects of the Covid–19 pandemic on demographic trends, highlighting the need for proactive policies to support an ageing populace. Through a comprehensive analysis of demographic data, labour market trends and policy initiatives, this study aims to provide a nuanced understanding of the repercussions of an ageing population and proposes strategic measures to mitigate the associated challenges while leveraging opportunities for economic development and innovation.

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