Population Aging and Economic Growth in EU Member States

Abstract

The improvements in economic development, living standards, and the health sector have raised the life expectancy on the world. The rising life expectancy together with decreasing fertility rates have led to population aging. The population aging phenomenon has led the researchers to explore the social and economic implications of population aging in different countries and country groups. In the chapter, the authors explore the causality between population aging and economic growth in EU member states during the period of 1996-2019 through causality analysis and revealed a reciprocal causality between population aging and economic growth.