Author(s)

Junji Li ¹

Affiliation(s)

¹ School of Economics, Wuhan Polytechnic University, Wuhan, Hubei, 430048, China

Corresponding Author

Junji Li

ABSTRACT

With the increasing proportion of aging population, aging has become a common problem in the world. The formulation of population policy plays a crucial role in the development of the aging trend. In this paper, the relationship between population policy and economic growth in the context of aging is studied, and the following conclusions are drawn by using empirical research methods, modeling, and statistical data: First, aging has a significant impact on economic growth. The increase in the elderly population will promote the development of industries such as elderly services, but it will also increase the fiscal expenditure in areas such as social security, which will have an impact on economic development. Second, the formulation of population policies is also relevant to aging and economic growth. A reasonable population policy can promote the stability of the labor market and the growth of employment opportunities, and also help to promote the growth of consumption and investment, thus injecting vitality into economic development. In summary, this paper concludes that there is a correlation between population policy and aging and economic growth, and that policy makers should focus on making reasonable population policies to adapt to the aging trend and promote economic growth.

KEYWORDS

Aging; population policy; economic growth; relationship

CITE THIS PAPER

Junji Li, Research on Relationship between Population Policy and Economic Growth in the Context of Aging. Social Security and Administration Management (2023) Vol. 4: 43-48. DOI: http://dx.doi.org/10.23977/socsam.2023.040407.

REFERENCES

[1] Institute Bok Economic. "Population Aging-Impacts and Policy Imperatives Executive Summary." Working Papers (2018).
[2] Wei J, Ni X, and He A. "Study on the relationship between population policy and economic growth in the context of aging." Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice 38.2(2018):337-350.
[3] Hsu M, and Yamada T. "Population Aging, Health Care, and Fiscal Policy Reform: The Challenges for Japan." Scandinavian Journal of Economics 121(2019).
[4] Yu M, Meng B, and Li R. "Analysis of China's urban household indirect carbon emissions drivers under the background of population aging." Structural change and economic dynamics 60-Mar. (2022).
[5] Li S Q, Jiang T Y, et al. "Economic Impacts of Policy Adopted By China for Its Aging Population." The Singapore Economic Review (2020).
[6] Chang W, and Wang X. "Research of the Interaction Relationship between Population Growth and Economic Growth in China." Journal of Zhongyuan University  Technology (2018).

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