An Empirical Analysis Of The Relationship Between Population Aging And Per Capita Disposable Income In China

This paper wants to explore the impact of China’s growing aging problem on per capital disposable income.So this paper bases the Solow model.By analyzing the impact of the elderly dependency ratio on savings rates and labor growth rates in Chinese provincial panel data from 2000 to 2019 and on per capita disposable income.Finally,the effect of the old-age dependency ratio on the savings rate is significantly negative.The impact on workforce growth rates is significantly negative.The impact on per capita disposable income is also a negative.The innovation of this paper is that based on the theory of Solow model,the decrease of per capita disposable income causes by the savings rate influences more than the decrease of labor growth rate will cause the increase in the per capita disposable income,the influence of these two mechanisms on the per capita disposable income affects the labor growth rate,which is mutually confirmed with the increase of per capita disposable income.