Abstract
During the period 2000–2022, the total population in Montenegro increased. However, the age structure of the population has changed, where changes are observed in the direction of a decrease in the number of young people compared to the older age group. The share of the population under the age of 15 decreased by 3 pp. in the observed period, while the share of the population over the age of 65 increased by nearly 4 pp. The aging of the population affects different segments of society. This paper analyses the impact of population aging on the state of the labour market, starting from the assumption that demographic trends in the coming period will have a significant impact on reducing the size of the workforce, but that labour market indicators will record favourable trends. Data on demographic trends for the period 2000–2022, MONSTAT’s projections of the population until 2060, as well as data on the most important indicators of the labour market were used. We have come to the result that in the coming decades, the labour supply will decrease, but that the employment rate will record growth and the unemployment rate will decrease until 2040.
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