POLICY PAPER SERIES 1/2024 - May 2024 - Europe’s Demographic Transition and

Depending on the country, the role of family support, the cost of private insurance, and the coverage of public insurance will vary, affecting the experiences of the elderly in different societies. [...] The Demography Toolbox,’ as the Communication is summarily referred to, identifies policy action under four ‘Pillars’ to be pursued jointly by the EU and Member States to adapt to the negative impacts of demographic trends and reap the most out of the new opportunities inherent in the transition’s longevity silver lining – in the process switching the narrative from ‘ageing’ to ‘longevity societie. [...] In 49 European Commission, Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions - Labour and Skills Shortages In the EU: An Action Plan, 20 March 2024, COM(2024) 131 final, at 27 . [...] as shares of the overall population) to an extent that risks to throw the population pyramid off equilibrium and complicate the relationship between the proportion of the population of old age and the rest of the population. [...] This is indeed the case of the EU, whereas the the case of the US is different: while narrow- sense ‘ageing’ occurs there, too (in the sense of the proliferation of the number of old and very-old-age people) the increase in the total share of the population that this number represents has so far been a lot more moderate than in the case of the EU and does not threaten to throw the functioning of t.