Productive Population and Czech Economy by 2060
The paper brings a deeper outlook at the development of productive population by 2060 in the Czech Republic. The Czech Republic will be strongly confronted with population ageing and suitable mix of different policies will be needed. The crucial issue is, how much the development of labour productiv...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Czech Statistical Office
2022-03-01
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| Series: | Statistika: Statistics and Economy Journal |
| Subjects: | |
| Online Access: | https://www.czso.cz/documents/10180/167607759/32019722q1_020-034.pdf/2dacb19b-293d-47be-83ca-5d47271a0988?version=1.0 |
| _version_ | 1819161059569696768 |
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| author | Jaroslav Sixta Karel Šafr |
| author_facet | Jaroslav Sixta Karel Šafr |
| author_sort | Jaroslav Sixta |
| collection | DOAJ |
| description | The paper brings a deeper outlook at the development of productive population by 2060 in the Czech Republic. The Czech Republic will be strongly confronted with population ageing and suitable mix of different policies will be needed. The crucial issue is, how much the development of labour productivity as well as technical progress can prevent radical increases in statutory retirement age. Capping this fundamental economic parameter at the age of 65 years will shift economic burden on productive population that will have to respond. We bring a deeper view on the structure of current labour force and its possible development by 2060. This comes from the combination of official demographic projection and computable general equilibrium model based on Leontief input-output principles. We prove that economic sustainability of such parameters is more than uncertain since the estimates of the potential burden incurred by population ageing is significant despite the compensation by the changes in labour productivity and technological growth. |
| first_indexed | 2024-12-22T17:06:19Z |
| format | Article |
| id | doaj.art-cc6ba3abeefa4aa08abada3abdf09d05 |
| institution | Directory Open Access Journal |
| issn | 0322-788X 1804-8765 |
| language | English |
| last_indexed | 2024-12-22T17:06:19Z |
| publishDate | 2022-03-01 |
| publisher | Czech Statistical Office |
| record_format | Article |
| series | Statistika: Statistics and Economy Journal |
| spelling | doaj.art-cc6ba3abeefa4aa08abada3abdf09d052022-12-21T18:19:11ZengCzech Statistical OfficeStatistika: Statistics and Economy Journal0322-788X1804-87652022-03-011021203410.54694/stat.2021.29Productive Population and Czech Economy by 2060Jaroslav Sixta0Karel Šafr1Prague University of Economics and Business, Prague, Czech RepublicPrague University of Economics and Business, Prague, Czech RepublicThe paper brings a deeper outlook at the development of productive population by 2060 in the Czech Republic. The Czech Republic will be strongly confronted with population ageing and suitable mix of different policies will be needed. The crucial issue is, how much the development of labour productivity as well as technical progress can prevent radical increases in statutory retirement age. Capping this fundamental economic parameter at the age of 65 years will shift economic burden on productive population that will have to respond. We bring a deeper view on the structure of current labour force and its possible development by 2060. This comes from the combination of official demographic projection and computable general equilibrium model based on Leontief input-output principles. We prove that economic sustainability of such parameters is more than uncertain since the estimates of the potential burden incurred by population ageing is significant despite the compensation by the changes in labour productivity and technological growth.https://www.czso.cz/documents/10180/167607759/32019722q1_020-034.pdf/2dacb19b-293d-47be-83ca-5d47271a0988?version=1.0demographic ageinglabour forceproductivitycge |
| spellingShingle | Jaroslav Sixta Karel Šafr Productive Population and Czech Economy by 2060 Statistika: Statistics and Economy Journal demographic ageing labour force productivity cge |
| title | Productive Population and Czech Economy by 2060 |
| title_full | Productive Population and Czech Economy by 2060 |
| title_fullStr | Productive Population and Czech Economy by 2060 |
| title_full_unstemmed | Productive Population and Czech Economy by 2060 |
| title_short | Productive Population and Czech Economy by 2060 |
| title_sort | productive population and czech economy by 2060 |
| topic | demographic ageing labour force productivity cge |
| url | https://www.czso.cz/documents/10180/167607759/32019722q1_020-034.pdf/2dacb19b-293d-47be-83ca-5d47271a0988?version=1.0 |
| work_keys_str_mv | AT jaroslavsixta productivepopulationandczecheconomyby2060 AT karelsafr productivepopulationandczecheconomyby2060 |