Study on the Impact of Population Aging o n Savings in China
Journal Title: International Journal of Social Science And Human Research - Year 2024, Vol 7, Issue 06
Abstract
This study examines the influence of demographic ageing on savings patterns in China. China is facing significant economic issues due to its ageing population, as indicated by the research. These challenges are mostly caused by the rising old age dependency ratio and longer life expectancy. The study utilizes data from the period of 2010 to 2020 and applies the Vector Autoregressive (VAR) model to uncover the intricate relationship between ageing and savings. Findings indicate that populati on aging initially suppresses household savings rat es but may stimulate them in the medium term due to anticipatory saving behavior. At the social level, the growing number of elderly individuals places a greater strain on the economy, yet the possibility of longer life spans may encourage people to save more. The research offers vital information for policymakers seeking to tackle the economic consequences of a growing elderly population by strategic interventions like legislation that encourage delayed reti rement, enhanced social security systems, and o ngoing technology innovation.
Authors and Affiliations
Han Qing, Ren Jingyi
Keywords
Related Articles
- EP ID EP736558
- DOI 10.47191/ijsshr/v7-i06-29
- Views 7
- Downloads 0
“Paghimakas”: Lived Experiences of Filipino Teachers in Thailand during the Pandemic
Background/Objectives: This phenomenological study explored the lived experiences of the Filipino teachers, specifically the Teacher Education (TED) graduates of Northern Iloilo Polytechnic State College in the Kingdom...
Reinforcement of Humanitarian Policies to AID Displaced Population in Nigeria and Africa through Coordination, Collaboration and Integration Mechanism
: Humanitarian programmes within Africa should be collaborative and integrative in nature, this would easily address the issue of displacement and abandonment, as it shall aid the promotion of the instrumentality of inte...
The Concept of IPR Ownership in the Context of the Copyright Legal System and Indonesian Society’s Cosmology
Ownership is conceptualized as a human right that gives the authority to order something that is owned. As a legal state, Indonesia regulates intellectual property rights, including copyright. In this study, normative le...
Legal Certainty of Deeds Made by Notaries Using Teleconference Documents Based on the Notary Office Law
The development of information and communication has a significant impact on the development of law in the State of Indonesia and the development of advances in terms of technology that greatly affect the work environmen...
Strategy of Towarding the Strength of Indonesian Navy in Overcoming Violations in the 2nd Indonesian Sea Lane Archipelagic to Achieve theStability of Marine Security in Supporting Military Operations other thanWar (Mootw)
Security in the territorial waters of a country is one of the important elements in maintaining the sovereignty of a country which based on facts on the ground shows that the ALKI II region poses a threat to internationa...