Research on the Impact Mechanism and Response Strategy of Population Aging on Economic Growth

With the development of society, the problem of population aging is increasingly prominent. The impact mechanism of population aging on economic growth is complicated and diverse. In terms of the labor market, the increase in the proportion of the elderly population has led to a decrease in labor supply, increased labor costs, and affected the production efficiency of enterprises. In the field of consumption, changes in consumer demand and the structure of the elderly may lead to adjustment of some industrial markets. In terms of social security, the burden of pensions is increasing, and fiscal pressure has increased. To cope with population aging, a series of strategies are needed. First, improve the pension security system to ensure the quality of life of the elderly. Encourage people to choose the employment direction of the type of pension and give full play to their experience and skill advantages. Secondly, developing the elderly industries to meet the special needs of the elderly, while creating new economic growth points. Third, strengthen education and training, improve the quality of labor, strengthen the fertility system, and vigorously promote the country. Through these measures, the negative impact of population aging on economic growth is reduced, and sustainable development is achieved.

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Publication Details

Journal
Advances in Economics Management and Political Sciences
Published
2024-12-26
DOI
https://doi.org/10.54254/2754-1169/2024.ga18935
Primary Topic
Regional Economic Development and Innovation
Type
article
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article

Research on the Impact Mechanism and Response Strategy of Population Aging on Economic Growth

Huang Jie
Advances in Economics Management and Political Sciences
Regional Economic Development and Innovation
article

Research on the Impact Mechanism and Response Strategy of Population Aging on Economic Growth

Huang Jie
article en

Abstract

With the development of society, the problem of population aging is increasingly prominent. The impact mechanism of population aging on economic growth is complicated and diverse. In terms of the labor market, the increase in the proportion of the elderly population has led to a decrease in labor supply, increased labor costs, and affected the production efficiency of enterprises. In the field of consumption, changes in consumer demand and the structure of the elderly may lead to adjustment of some industrial markets. In terms of social security, the burden of pensions is increasing, and fiscal pressure has increased. To cope with population aging, a series of strategies are needed. First, improve the pension security system to ensure the quality of life of the elderly. Encourage people to choose the employment direction of the type of pension and give full play to their experience and skill advantages. Secondly, developing the elderly industries to meet the special needs of the elderly, while creating new economic growth points. Third, strengthen education and training, improve the quality of labor, strengthen the fertility system, and vigorously promote the country. Through these measures, the negative impact of population aging on economic growth is reduced, and sustainable development is achieved.

Advances in Economics Management and Political SciencesVol. 143(1)
Nanjing Foreign Language School (CN)
Decent work and economic growth
Openalex Percentile: Top 58%
Regional Economic Development and Innovation
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Research on the Impact Mechanism and Response Strategy of Population Aging on Economic Growth — Huang Jie · Advances in Economics Management and Political Sciences (2024) | TGRS Research Map | TGRS