The report highlights the profound impact that demographic changes could have on the country’s labor market.
"Demographic shifts may force adjustments in Poland's economic model," Andrzej Kubisiak, deputy director of the PIE, told the daily Rzeczpospolita.
The institute’s report, Consequences of Demographic Changes for Labor Supply in Poland, warns that the impending demographic crisis will significantly affect sectors such as education, healthcare and industry.
If the current retirement age remains unchanged, by 2035, around 3.8 million workers are expected to leave the labor market, while only 1.7 million new workers will enter, leaving a shortfall of around 2.1 million.
To address this, the PIE recommends several measures, including increasing labor force participation, encouraging immigration and advancing automation and robotics.
Additionally, it says aligning the retirement age for men and women at 65 could help mitigate the impending labor shortage.
(jh/gs)
Source: IAR