The Study About Aging Population Influence On Economic Development Of Henan Province

More than7%of the total population older than65years or more than10%of the total population older than60years is the standard measure of an aging population. In2011,8.6%of the elderly population in the total population in Henan Province over the age of65.According to the international criteria for the classification, Henan Province has entered the aging society. According to the forecast, the aging population over65years will reach2835people by2050; the elderly population will show explosive growth in Henan Province. The situation of the aging population will become more critical. The impact of population aging on social and economic life in our province has become increasingly evident.Population aging is a double-edged sword. It will have a negative impact on the economic development of Henan Province; however, it also will bring opportunities for the economic development. This article studies the aging effect of Henan Province on the economic development. The research is conducive to economic policy-making, and promotes long-term healthy development of the economy in our province.On the basis of the domestic and foreign population aging research, this article described the status and characteristics of Population Aging in Henan, and used Gray Forecast Model to predict the population age structure in2012-2022.By prediction results this article analyzed aged15-64working-age population will decrease rapidly, however, the number of children will have a smaller increase, the elderly population will increasing, the degree of aging continues to deepen. Secondly, the use of econometric models quantitative analysis of the relationship between the aging of the population and economic development. According to the result, between economic growth and the aging of the population in Henan Province have an equilibrium relationship in long-term,In short term, the aging of the population, economic growth and the natural population growth rate affect each other. This article further argues that the aging of the population not only increases the burden of Social Security, has a negative impact on labor supply and labor production rate, but also a certain impact on the province’s industrial structure. Based on the analysis of the aging population in Henan Province, this article gives some reasonable and targeted recommendations to deal with the aging problem. Such as develop the economy of Henan Province, establish and improve the health and pension security system, exploit younger elderly resources and positive development of the industry for the elderly and other aspects.