Implications of Population Aging for Economic Growth in V4 Countries

Population aging is a typical feature of population development in Europe. The workforce is decreasing, while the 65+ population is increasing. This fact presents challenges for economies, public finance, health, and pension systems. The post-socialist countries (including V4 countries) are relatively younger than the European average; their age transformation is running - a delay of 30 years is expected, but with faster and intensive impact. The paper examines the impact of V4 countries' population aging on their economic growth. The population aging is represented by the total dependency ratio and gross domestic product per capita as proxies for economic growth. Correlation and regression analysis is applied to model the dependence of the growth of gross domestic product on population factors; data from 1993-2018 are used.