Analysis of Population Aging and the Development of Silver Economy

School of Economics and Management, Wuhan University, Wuhan 430072, China

^* Corresponding author: 2022301052176@whu.edu.cn

Abstract

As China accelerates into a deeply aging society, the silver hair economy, as an important development direction for coping with the aging trend has gradually become the focus of attention for academics and policymakers. This paper systematically combs through the progress of related research at home and abroad and analyses the existing results and shortcomings. This paper adopts the method of systematic literature review and finds that the socio-economic impacts of population aging are mainly reflected in the reduction of labour supply, the shift of consumption structure and increase of pressure on social security, etc., in which the degree of difference exists between different regions. The research hotspots of silver hair economy focus on senior insurance and senior health industry, and there is a lack of exploration of localised models in China. This paper gives theoretical support for the economic transformation in the aging society and promotes the industrial layout of the silver hair economy to achieve sustainable socio-economic development.