Will Aging Stimulate Industrial Upgrading in the Yangtze River Delta region? —— Analysis based on Panel Data of Jiangsu, Zhejiang and Shanghai from 2003-2022

Abstract

The degree of aging in China has been increasing year by year. By the end of 2000, China had already met the criteria set by the United Nations for a country to enter an aging population society.The aggravation of population aging will bring about problems such as insufficient age labor force, increased pressure on social welfare expenditure, and excessive burden on young labor force for the normal operation and development of the economy and society. As a world-class supercity cluster, the Jiangsu Zhejiang Shanghai region is worth studying and analyzing its internal industrial upgrading in the context of aging population. In order to analyze the impact of deepening population aging on industrial upgrading in the Yangtze River Delta region, we selected Panel data of Jiangsu Province, Zhejiang Province and Shanghai from 2003 to 2022 to analyze the impact of deepening population aging on industrial upgrading in Jiangsu, Zhejiang and Shanghai from technology effect, labor force effect and tax burden effect. It is believed that the deepening of aging in the Jiangsu Zhejiang Shanghai region has a reverse and driving effect on the industrial upgrading of the region. In the face of an aging population, measures such as gradually and effectively promoting the improvement of the social welfare system, strengthening investment in high-tech research and development, reasonably controlling housing prices, and providing subsidies for talent housing purchases should be taken.