Aging Population, Life-Cycle Consumption, and the Silver Economy
By the end of 2020, individuals aged 65 and older accounted for more than 14% of China’s total population. This demographic shift has profound implications for various economic sectors, including labor supply, household decision-making, and corporate strategies. This research incorporates theories and methodologies from economics, sociology, and demography, drawing on both macro- and micro-level data to analyze changes in individual behavior and trends in industrial restructuring in the context of an aging population. The study seeks to provide robust empirical support and scientific evidence to assist the government in formulating targeted policies and to guide enterprises in making informed decisions in response to these demographic trends.
