Research On The Influence Of Population Aging On The Price Of Urban Residence In China

With social and economic development,China's ageing degree is getting deeper and deeper,and the problem of rising house prices has not been effectively solved because we know that homes have the function of supporting the elderly.Once the housing bubble bursts,the accelerated aging of people's assets causes the devaluation of housing assets to increase in value.It will lead to changes in the allocation of social resources,affecting old-age pension spending and consumption,and it is not conducive to the realization of the goal of "all-round well-to-do society" and the construction of a harmonious society.Therefore,in order to prevent the above unfavorable results from occurring,it is better to achieve“a comprehensive well-off society.In order to build a socialist harmonious society,we need to study the impact of population aging on the price of urban housing.Will the aging of the population affect the price of urban housing and cause violent fluctuations or unilateral declines in housing prices?This will affect social and economic development.Whether it can run smoothly is also the significance and purpose of this article.This paper adopts a combination of theoretical and empirical analysis methods.Firstly,the theory of life cycle hypothesis is used to analyze the intrinsic relationship between population aging and residential prices.It is found that aging will indeed devalue the value of residential assets and reduce the price of housing,that is,the aging of the population.Has a negative impact on residential prices.Then we set up panel data from China's 31 provinces from 2005 to 2016 to conduct empirical analysis.The empirical results show that the aging of the population has a negative impact on the price of urban housing and the price of housing will decline.Then,based on the research results,relevant policy recommendations are put forward.The specific recommendations include:First,establish a forward-looking monitoring and early warning system to cope with the price control mechanism of house price volatility that may be caused by aging;second,develop the pension service industry and the aging industry,and implement it as soon as possible.The third goal is to rationally control population growth,for example,to liberalize the "two-child policy";fourth is to encourage decentralization of investment,achieve diversified investment portfolios,and ensure the stability of assets;fifth,from In terms of housing demand and supply structure optimization,on the one hand,the government has increased the supply of small houses and affordable housing to meet the housing needs of low-income groups.On the other hand,it has adopted a series of methods such as financial measures and financial support to enhance the demand for housing.The low-income people's ability to pay is to crack down on speculative buyers and implement property tax reform as soon as possible.Finally,it points out the shortcomings and prospects of this study.