How Did the Full-Scale Invasion Affect the Aging Process in Ukraine?
Year:
2023Published in:
Munich Personal RePEc ArchiveThe aging process in Ukraine has become increasingly significant due to several factors, including the country's shrinking workforce, rising pension expenditures, and reduced capacity for long-term social and economic investments. Moreover, the ongoing war in Ukraine exacerbates these challenges by displacing a significant portion of the population, contributing to an increased burden on social welfare systems, and hindering economic recovery. Furthermore, the absence of a large enough workforce could contribute to the labor shortage and the resulting reduction in Ukraine's global competitiveness. To address these issues and mitigate the economic impact, Ukraine needs comprehensive strategies encompassing healthcare, pension services, and long-term social and economic investments. By investing in such strategies and promoting sustained economic development, Ukraine can effectively manage the challenges posed by its aging population and enhance overall economic stability.