Economics Aspects of Ageing Population

The share of the population aged 60 and over is projected to increase in nearly every country in the world during 2015-2080. Population ageing will tend to lower both labour-force participation and savings rates, thereby raising concerns about a future slowing of economic growth. The aim of this paper is describe the development of the healthcare expenditure in the context of ageing population. Firstly, the demographic development and trends in the European Union is presented. Secondly, expenditure on health services for seniors is discussed and finally, expected health expenditures with regard to the demographic trend in the EU are analysed. The article explores potential of the investment in innovation in health care due to the ageing population.