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The Effect of Aging of Population to Economical Development

Author: XieJing
Tutor: YangCan
School: Xiamen University
Course: Statistics
Keywords: aging of population Solow Growth Model Economic Growth
CLC: F124
Type: Master's thesis
Year: 2008
Downloads: 1069
Quote: 3
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Abstract


The aging of population is a product brought about with the development of human society, It refers to the social development process of the rising proportion of aged people among total population and the old trend of certain country or a certain area.The 21st century will witness the aging of population across the world. The changing of age frame is influencing all the aspects of social lives abroad. All the countries in the world are more and more focusing on this serious topic.With the degree of the aged phenomenon becoming more serious in our, it has gradually affected the development of society. China, as the biggest developing country in the world, is facing the aging phenomenon at the background of low level of productivity and economy, which will cause big changes on economy and social development.This article attempts to use expand SOLOW model, through the discrimination of working population and the non-working population,add old age factor to analyze the influence of aging of population to the economic growth. And analysis the influence of aging of population to production and labor consumption with making use of China datas.Such a research way is an expansion to SOLOW growth model application,on the other hand,this research way has also unfolded using classical economic theory to analysis aging of populations problem on one efficient path.Finally,on the base of the achievement,we research other influence to the economic development of Aging of populations,including labor force supplies, industrial structure and society guarantee system etc.By using the experience which overseas deals with the aging of populations problem, proposing that deals with our country aging of populations to the economic development adverse effect countermeasure.What are innovative in the thesis lie in three points: first, using a SOLOW model’s simple expansion,which joins one parameter to represent the aging degree to study the influence of aging of populations to Chinese economic growth; second,infers the new economic equilibrium growth equation, proposes influence effect of the aging of populations factor to the economic equilibrium growth way; third, using the new economic equilibrium equation to analyze the influence effects of production and consumption.

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