Population ageing - a demographic trend with various consequences

Population ageing is a global phenomenon with long-term consequences on the economic development. Population is ageing as a result of two trends: people are living longer than they used to and are healthier and secondly the fertility rate has constantly decreased not only in the developed countries but also in developing ones. The ageing of the world's population is a matter of concern for everyone; the consequences are detectable on every aspect of life-for individual and for societies. The paper is examining the possible approaches to population ageing and aims to emphasize the economic behavior determinants that affect people's behavior during their life cycle.