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Article

Open Access

The Assessment of the Impact of an Aging Population of China on the Country’s Economy

Author(s)

Inna Stecenko

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DOI:10.17265/1548-6591/2013.11.004

Affiliation(s)

Science of Baltic International Academy, Riga, Latvia

ABSTRACT

In the article, the author on the basis of the analysis of the structure of the population of the People’s Republic of China (PRC) is making an attempt to identify the influence of increasing number of people over 65 years on the economic situation in the state. The introduction of reform of pension system of China is related to the additional expenses of the state. Basing on the method of pair correlation, the author shows that with increase of percentage of the aging population of PRC, the foreign exchange reserves of the state are increased; it is evident that the state forms the financial reserves for the pension fund of the country.

KEYWORDS

PRC, pension system, social policy, correlation coefficient

Cite this paper

Journal of US-China Public Administration, ISSN 1548-6591, November 2013, Vol. 10, No. 11, 1061-1069

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