Opportunities and Risks in the Era of Population Aging

Weiwei Li ()
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Weiwei Li: Mianyang Middle School Experimental School

A chapter in Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023), 2024, pp 374-381 from Springer

Abstract: Abstract At present, the degree of Chinese population aging is further deepened, which has a huge impact on individuals, families and society. This paper discusses the influence of population aging on economy, society and family from the aspects of industrial structure adjustment, family anti-risk ability decline and change of savings and investment mode. Through analysis, it is found that population aging will decrease the number of labour force and change people’s demand for different products, thus promoting the industrial structural adjustment. For families, the increase in the overall dependency ratio increases the family burden, reduces the family’s ability to resist risks, and further affects social stability. In addition, the elderly population tends to save, but the young labor force will reduce savings due to the heavy economic burden, and the social savings structure will change greatly. In general, the aging of the population brings opportunities and challenges. China should improve the old-age insurance expenditure system as soon as possible, introduce welfare subsidy policies, improve education levels, and inject new vitality into economic development.

Keywords: population aging; risk; opportunity; policy recommendations (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-441-9_34

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DOI: 10.2991/978-94-6463-441-9_34

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