The impact of population aging on economic growth —— Based on a case analysis in Beijing
DOI:
https://doi.org/10.54097/hbem.v13i.8640Keywords:
aging, economic growth, consumption, industry structure.Abstract
Aging is an urgent and important issue for the long-term development of countries in the world. As China's elderly population continues to increase, China's aging has had many impacts on social production and life. This paper analyzes the development process and current situation of aging in Beijing, presents the severity of aging in Beijing through indicators such as the total number of people over 60 years old, the dependency ratio of aging, and summarizes the three effects of aging on economic development: inhibiting residents’ consumption, reducing economic benefits of labor force, and optimization of industrial structure. According to the influencing factors, targeted solutions are given improve the security system for the elderly, optimize the layout of the pension industry, adjust the concept of fertility, and promote the development of education for the elderly. In this way, people can break the restraining effect of aging on economic development and drive new economic growth.
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