How Does Aging of Labor Force Impact Labor Productivity?:Analysis Based on Panel Data of Chinese Cities
Since China entered an aging society in 2000,the degree of population aging has also continued to deepen.As a basic element of the social economy,the aging of labor force has faced a series of new challenges and opportunities for social and economic development.Based on the panel data of Chinese cities from 2000 to 2020,this paper analyzes the impact mechanism of aging of labor force on labor productivity by using a long difference model on the basis of previous study.The study shows that there is a negative relationship between the aging of labor force and the labor productivity.Furthermore,after examining the mechanism of the effect of aging of labor force on labor productivity from the aspects of factor input and technological progress,it finds that the aging of labor force has an effect on labor productivity mainly through affecting technological progress and labor employment.In addition,public policies such as labor skills improvement and public financial investment can effectively reduce the negative impact of aging of labor force on labor productivity.Finally,this study suggests that in order to effectively address this issue,it is necessary to strengthen attention to the fertility issue.Meanwhile,we need to formulate specialized and effective public policies from aspects such as labor skills improvement and public financial investment,and in specific implementation,attention should be paid to tilting relevant policies towards specific areas such as the central and western regions,second-tier cities and below.These research conclusions are helpful to explain the difference of productivity in Chinese cities from the perspective of aging of labor force,which are of great significance to promote the high-quality economic development under the new pattern of population development.
aging of labor forcelabor productivitypublic policyhigh-quality development
国家科技期刊平台
NSTL
万方数据
