Demographic brakes of the economy

The article examines the features of the newest stage of the demographic evolution of Russia against the backdrop of other countries at similar stages of the demographic transition. It is shown that until recently long-term demographic trends favored Russia’s economic development, but now the country is entering a long period of unfavorable demographic changes for its economy. The cessation of growth of the Russian population, the reduction in the working-age population and its aging, and the increase in the dependency ratio will have a deterrent effect on economic development and at the same time make it more difficult to solve social problems. In particular, these factors will create greater problems for the pension system for people older than working age. The issue of using the migration resource to mitigate the negative consequences of demographic changes is discussed.