Globalisation and Economic position of Seniors in the Czech Republic

Abstract

Demographic development is one of the current often-discussed concepts of the contemporary world. Demographic aging of the society has been affecting, to a greater or lesser extent, all countries since the mid-20th century, and according to long-term forecasts of the future, development of the total population and age structure, and the proportion of older people in the population will continue to grow. Even the projection of the Czech Statistical Office shows that the changes in the age structure of the Czech population will be very significant. The proportion of persons under the age of 15 will be reduced due to a decrease in birth rates, while the proportion of persons over 65 will show a significant increase. This article focuses on the economic status of seniors in the Czech Republic. The theoretical part defines the basic terms that are related to this topic. As well, the article deals with the status of seniors in the labour market, the unemployment of older people and also analyses the degree and structure of their employment. The analytical part of the thesis analyses different types of income and expenditures of seniors. The data obtained have been analysed with a focus on prediction of the development of the economic situation of seniors. Finally, the economic situation of seniors in the Czech Republic is compared with selected EU countries, such as Slovakia, Germany and Sweden.