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Bilateral effect of aging population on consumption structure: Evidence from China

The deepening of aging population inevitably in China will exert a far-reaching influence on national consumption and economic transformation. Based on interprovincial panel data in 2000–2018, this paper measured the ratio of five survival and enjoyment consumptions in disposable incomes, reconstruc...

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Detalles Bibliográficos
Autores principales: Wang, Yue, Zhao, Wan, Meng, Wanrong
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9452717/
https://www.ncbi.nlm.nih.gov/pubmed/36091508
http://dx.doi.org/10.3389/fpubh.2022.941485
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author Wang, Yue
Zhao, Wan
Meng, Wanrong
author_facet Wang, Yue
Zhao, Wan
Meng, Wanrong
author_sort Wang, Yue
collection PubMed
description The deepening of aging population inevitably in China will exert a far-reaching influence on national consumption and economic transformation. Based on interprovincial panel data in 2000–2018, this paper measured the ratio of five survival and enjoyment consumptions in disposable incomes, reconstructed the indicators for upgrading the consumption structure, used the bilateral stochastic cutting-edge model, and decomposed the aging population to realize the net effect from the positive and negative effects generated by the consumption structure. The findings indicated that (1) aging population played a positive and negative bilateral effect on upgrading the consumption structure, in which the positive effect upgraded 14.04% of the consumption structure while the negative effect degraded 6.18% of the consumption structure. The comprehensive net effect upgraded 7.86% of the consumption structure. (2) From the perspective of the time effect, under the positive and negative effects of aging population, the consumption structure was upgraded 7.861% on average every year. (3) Regarding the regional effect, the promotion role of aging population was the highest in the eastern region, followed by the west. The middle was the lowest. By combining with estimation results of each province, the promotion role brought by aging population in the northeast and southwest was lower. Based on the above-mentioned research results, this paper proposed some advice for positively developing silver hair economy, promoting the improvement on the consumption structure according to circumstances, developing the perfect aging consumption market, exploring the consumption potential of the elderly, accelerating the urbanization development progress, and stimulating consumption growth relying on the Internet.
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spelling pubmed-94527172022-09-09 Bilateral effect of aging population on consumption structure: Evidence from China Wang, Yue Zhao, Wan Meng, Wanrong Front Public Health Public Health The deepening of aging population inevitably in China will exert a far-reaching influence on national consumption and economic transformation. Based on interprovincial panel data in 2000–2018, this paper measured the ratio of five survival and enjoyment consumptions in disposable incomes, reconstructed the indicators for upgrading the consumption structure, used the bilateral stochastic cutting-edge model, and decomposed the aging population to realize the net effect from the positive and negative effects generated by the consumption structure. The findings indicated that (1) aging population played a positive and negative bilateral effect on upgrading the consumption structure, in which the positive effect upgraded 14.04% of the consumption structure while the negative effect degraded 6.18% of the consumption structure. The comprehensive net effect upgraded 7.86% of the consumption structure. (2) From the perspective of the time effect, under the positive and negative effects of aging population, the consumption structure was upgraded 7.861% on average every year. (3) Regarding the regional effect, the promotion role of aging population was the highest in the eastern region, followed by the west. The middle was the lowest. By combining with estimation results of each province, the promotion role brought by aging population in the northeast and southwest was lower. Based on the above-mentioned research results, this paper proposed some advice for positively developing silver hair economy, promoting the improvement on the consumption structure according to circumstances, developing the perfect aging consumption market, exploring the consumption potential of the elderly, accelerating the urbanization development progress, and stimulating consumption growth relying on the Internet. Frontiers Media S.A. 2022-08-25 /pmc/articles/PMC9452717/ /pubmed/36091508 http://dx.doi.org/10.3389/fpubh.2022.941485 Text en Copyright © 2022 Wang, Zhao and Meng. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Public Health
Wang, Yue
Zhao, Wan
Meng, Wanrong
Bilateral effect of aging population on consumption structure: Evidence from China
title Bilateral effect of aging population on consumption structure: Evidence from China
title_full Bilateral effect of aging population on consumption structure: Evidence from China
title_fullStr Bilateral effect of aging population on consumption structure: Evidence from China
title_full_unstemmed Bilateral effect of aging population on consumption structure: Evidence from China
title_short Bilateral effect of aging population on consumption structure: Evidence from China
title_sort bilateral effect of aging population on consumption structure: evidence from china
topic Public Health
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9452717/
https://www.ncbi.nlm.nih.gov/pubmed/36091508
http://dx.doi.org/10.3389/fpubh.2022.941485
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