The Impact of Labor Force Aging on Economic Growth

TONG Yufen; LIU Zhili

Volume 40 Issue 3

May 2025

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TONG Yufen, LIU Zhili. The Impact of Labor Force Aging on Economic Growth[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(3): 70-81.

Citation:

TONG Yufen, LIU Zhili. The Impact of Labor Force Aging on Economic Growth[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(3): 70-81.

TONG Yufen, LIU Zhili. The Impact of Labor Force Aging on Economic Growth[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(3): 70-81.

Citation:

TONG Yufen, LIU Zhili. The Impact of Labor Force Aging on Economic Growth[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(3): 70-81.

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The Impact of Labor Force Aging on Economic Growth

TONG Yufen¹,
LIU Zhili^2
,

1.
School of Labor Economics, Capital University of Economics and Business, Beijing 100070, China
2.
School of Business Administration, Hebei University of Economics and Business, Shijiazhuang 050061, China

Received Date: 2025-03-17
Available Online: 2025-06-25
Publish Date: 2025-05-28

Abstract

Abstract

Based on Chinese urban panel data from 2000 to 2020, this study systematically analyzes the impact of labor force aging on economic growth and the role of digital technology therein. The findings indicate that labor force aging has a significant inhibitory effect on economic growth, and this conclusion remains robust after a series of validation tests. Heterogeneity analysis reveals that the negative impact of labor force aging is more pronounced in regions with lower levels of economic development and in third-tier and below cities. Mechanism analysis demonstrates that the development of digital technology can effectively mitigate the adverse effects of labor force aging through "technology substitution" and "compensatory empowerment." This research sheds light on the impact of labor force aging on economic growth, and the crucial role of digital technology, providing theoretical support and policy references for leveraging digital technology to address the challenges posed by the labor force aging.
- labor force aging,
- digital technology,
- economic growth

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References(36)

References

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