Estimation of a living standards of elderly population in the conditions of transition to the sustainable development in Azerbaijan Republic

The estimation of standard of living of elderly population and transition to sustainable development in Azerbaijan Republic is considered in this paper. For the estimation of a standard of living of older persons and comparison with other groups of population it is possible to use the indicator which characterizes purchasing capacity of incomes and shows the quantity of sets of a living wage that the person could buy by the income per capita. Using calculated values of this indicators and statistical data of economic growth , the econometric model characterising dependence between the indicator of a standard of living of older persons and economic growth in the country is constructed. Statistical characteristics of the econometric model show, that the model is quite adequate and can be used for the forecast of growth of a standard of living of older part of the population of the country.