In the past 20 years, the employment rate in Switzerland has been very stable and its 80% make it the highest rate in Europe. At the same time, the employment rate in Croatia has been much lower, below 60% on average. “This means that almost 40% of the working-age population in Croatia have no registered income which is primarily used for financing expenditures for pension, health and other social insurances”, said Dubravko Mihaljek, the Head of Operations at the Monetary and Economic Department of the Bank for International Settlements in Basel, during the lecture Population ageing in Croatia and Switzerland: Similarities, differences and questions for economic policy. Mihaljek highlighted that the main question was how aware we are of long-term changes to the economy brought about by the more-or-less unstoppable process of population ageing.

The presentation was organised by the Institute of Public Finance. The recording and the presentation (both in Croatian) are both available online.