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Impact of Population Ageing on Education Level and Average Monthly Salary: The Case of Slovenia

Author

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  • Ziga Cepar

    (University of Primorska, Slovenia)

  • Marjetka Troha

    (University of Primorska, Slovenia)

Abstract

Population ageing is a contemporary problem, which does not only mean changing demographic structures, but also affects economy. Based on our research we cannot reject our main research thesis that population ageing has a significant impact on human capital in Slovenia. Using multiple regression analysis, on cross-section data of Slovenian municipalities, we cannot reject our first hypothesis that population ageing in Slovenia leads to lower education level and our second hypothesis that population ageing leads to lower average net monthly salary. Main contribution of this research therefore is the finding and empirical confirmation of the specific impact that population ageing has on human capital based on specific case of Slovenian cross section data. Results of the research imply that some measures have to take place in order to mitigate the unfavourable effects of population ageing on human capital.

Suggested Citation

  • Ziga Cepar & Marjetka Troha, 2015. "Impact of Population Ageing on Education Level and Average Monthly Salary: The Case of Slovenia," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 13(3 (Fall)), pages 281-299.
    • Handle: RePEc:mgt:youmgt:v:13:y:2015:i:3:p:281-299
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    References listed on IDEAS

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    1. Vegard Skirbekk, 2004. "Age and Individual Productivity: A Literature Survey," Vienna Yearbook of Population Research, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna, vol. 2(1), pages 133-154.
    2. Fanny A. Kluge & Emilio Zagheni & Elke Loichinger & Tobias C. Vogt, 2014. "The advantages of demographic change after the wave: fewer and older, but healthier, greener, and more productive?," MPIDR Working Papers WP-2014-003, Max Planck Institute for Demographic Research, Rostock, Germany.
    3. Matjaz Novak & Stefan Bojnec, 2005. "Human Capital and Economic Growth by Municipalities in Slovenia," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 3(2), pages 157-177.
    4. Richard Disney, 1996. "Can We Afford to Grow Older?," MIT Press Books, The MIT Press, edition 1, volume 1, number 026204157x, December.
    5. Ulrich Thießen, 2007. "Aging and Structural Change," Discussion Papers of DIW Berlin 742, DIW Berlin, German Institute for Economic Research.
    6. Giuseppe Carone & Declan Costello & Nuria Diez Guardia & Gilles Mourre & Bartosz Przywara & Aino Salomaki, 2005. "The economic impact of ageing populations in the EU25 Member States," European Economy - Economic Papers 2008 - 2015 236, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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    Cited by:

    1. Yingzhu Yang & Rong Zheng & Lexiang Zhao, 2021. "Population Aging, Health Investment and Economic Growth: Based on a Cross-Country Panel Data Analysis," IJERPH, MDPI, vol. 18(4), pages 1-16, February.

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    More about this item

    Keywords

    education level; average salary; population ageing; human capital; Slovenian municipalities;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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