The Silver-Hair Economy in the New Era: Political Economy Perspectives on Its Dilemmas and Solutions

Xiangru Li, Jinjing Xie (), Junyao Luo and Aihua Yang
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Xiangru Li: College of Basic Education, National University of Defense Technology, Changsha 410073, China
Jinjing Xie: College of Basic Education, National University of Defense Technology, Changsha 410073, China
Junyao Luo: College of Basic Education, National University of Defense Technology, Changsha 410073, China
Aihua Yang: College of Basic Education, National University of Defense Technology, Changsha 410073, China

Sustainability, 2025, vol. 17, issue 15, 1-26

Abstract: The rapid rise of the silver economy in the new era has become a new driving force for socio-economic development. From the perspective of Marxist political economy theory, this paper analyzes the intrinsic logic of the silver economy’s development through three dimensions: surplus value, labor market, and capital. The study finds that the silver economy in the new era faces challenges such as insufficient supply of high-quality elderly care services, simultaneous shortages in both total talent quantity and structural imbalances, and contradictions between capital’s profit-seeking nature and social welfare. By introducing the multiple streams model, the paper elucidates the coupling process of these three streams and the timing of policy window openings. It proposes targeted strategies, including strengthening technological innovation, deepening labor market reforms, and optimizing capital allocation, to promote the robust development of China’s silver economy and inject strong momentum into sustainable and high-quality economic growth.

Keywords: silver economy; political economy; high-quality development; multiple streams model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
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