Research On The Impact Of Delayed Retirement On Economic Growth In China

At present,China's aging process to speed up the traditional demographic dividend subsided,to promote economic structure changes,the corresponding economic development imbalance.The delayed retirement age is an important policy choice made by countries around the world in response to the problem of population aging.The Third Plenary Session of the Eighteenth Central Committee of the Party also made it clear that it is necessary to carry out research and formulation of progressive delayed retirement age policy.How to change the retirement age,adjust the old-age insurance system,relieve the pressure of aging,create new dividend space and promote the sustainable development of economy is the core problem that needs to be paid attention to in the background of economic development in China's dividend.This paper analyzes the theoretical relationship between delayed retirement and economic growth based on the five aspects of labor supply,pension fund income,savings consumption,income distribution and technological progress as a guide to consider the impact of pension fund income on social investment.The impact of labor quality,and the introduction of control variables,the construction of economic growth function model,as the main tool for empirical research.Based on the analysis and judgment of the present situation of the population structure and aging problem in China,this paper designs a selective and delayed retirement scheme based on the working life and the legal retirement age.Combining the historical data,using the constructed model to measure the future economic growth,Normative and empirical combination,a comparative analysis of the current retirement policy and three delayed retirement program after the implementation of China's economic growth impact.The results show that,first of all,the implementation of delayed retirement policy can effectively complement the supply of labor,significantly alleviate the pressure on pension payments.Secondly,China's economic growth shows a stage of development trends,the implementation of delayed retirement policy can significantly improve China's total economic output,stimulate economic growth,promote the total factor growth rate,and conducive to technological progress on economic growth.Thirdly,the gradual delay of retirement policy can effectively alleviate the pressure of aging in China,long-term role in economic growth,taking into account the number of years of work,selective retirement program is more reasonable.Finally,the delayed retirement policy is not only beneficial to China's economic growth,but also conducive to the sustainable development of China's economic growth.Increase the human capital investment,improve the utilization rate of labor force,optimize the industrial structure,in supporting the implementation of pension management and development methods and a series of policies at the same time,the implementation of progressive delay retirement program is the trend.The next phase focuses on further accurate measurement of the model,through the design of relevant supporting policy programs,to improve the social security system to provide recommendations.