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The Economic Effects Of Chinese Population Aging

Posted on:2007-11-13Degree:MasterType:Thesis
Country:ChinaCandidate:J FuFull Text:PDF
GTID:2167360242462635Subject:National Economics
Abstract/Summary:PDF Full Text Request
It is well known that over the next several decades, the proportion of the retirement will increase dramatically in the world and this century will be an aging one. This paper investigates how population aging affects economic growth in a general equilibrium model of life cycle savings combined with endogenous growth. It shows that population aging is not necessarily a negative factor for growth.With Chinese population aging characteristics, we qualitatively analyze that the labor's structure will be aging; the family size will be smaller as the population aging. And these social consequences will be affecting the economic though the roles of variables, such as employment rates, labor rates, savings trends, demand elasticity and so on.The document construct a general equilibrium model of life cycle savings combined with endogenous growth to proof the economic effects of Chinese population aging based on the analysis. Through the analysis of the economic balanced growth path and its impact on the dynamics of population aging, our results show that: The level of the balanced growth path will be lower because of the population aging in our social and economic background, but with the acceleration of the population aging, the negative effects will be smaller. And this improvement effect is very evident in nearly 20 years because of the adequate workforce.And the document suggest macroeconomic policies against the Chinese population aging based on the model's conclusions, which accelerate economic growth, promote family pension, perfect the social security system and develop the old population industry.
Keywords/Search Tags:the population aging, the economic growth, the general equilibrium model, overlapping- generation model
PDF Full Text Request
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