THE ECONOMIC CONSEQUENCES OF AGEING SOCIETY IN POLAND

Abstract

This paper investigates the relationship between demographic change and economic growth and confirms that the process of society ageing effects the economy. The impact is transmitted through social security, healthcare and, the most important, labour market. Ageing society results in the growing number of older workers and older customers. There is a strong need to adapt products, services and procedures to the new expectances of this older society. Nevertheless, the mentioned challenges should be treated more as a threat for public finances. In Poland, the process of ageing society is running. Combined with economic transition, which is not finished yet, it is becoming one of the major barriers in Polish way to achieve global competitiveness. There are several examples of political decisions, which indicate the growing concerns of this demographic change. However, there is much more to be done in that matter, and new channels must be created in order to solve this problem.

Keywords

• Demographic Change, Ageing Society, Economics of the

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