The Impact Of Delaying Retirement Age On Chinese Economic Growth

In order to establish a sustainable endowment insurance system, to deal with the aging population and the shortage of working age population, our government has made it clear that in the future, we should develop a progressive deferred retirement system. Based on the perspective of labor resources, this paper analyzes the relationship between delay retirement and economic growth. According to the gradual delay retirement scheme predicted delay retirement labor quantity and quality of the labor force changes, and use MRW growth model to study China's fiiture economic growth under the case of delay retirement and retirement age unchanged. Through the comparison of these two kinds of China's economic growth situation analysis, led to the impact of delay retirement on the quantification of economic growth in China.The results show that delay retirement can significantly improve our country's economy and effect becomes more obvious with the passage of time; secondly, future economic growth speed change trend generally consistent under the case of delay retirement and retirement age unchanged. Third, with China's per capita life expectancy and per capita education years of continuous improvement, delay retirement is conducive to the long-term development of China's economy. Based on the results, this paper suggests that China should further increase investment in education, the establishment of a unified labor market, accelerate the upgrading of the industrial structure and provides supporting measures to two child policy. To give impetus to the sustainable development of the economy of our country.