A Review of the Research on Labor Supply Effect of Active Aging

Abstract

Abstract Presently, the policies and support services related to the development and utilization of human resources for the elderly in China are not perfect, and the increasing aging situation affects the labor supply in the social market. In this paper, under the concept related to active aging, the active aging index is proposed, and the current situation is analyzed by studying active aging based on the human capital perspective, the labor supply profile of the elderly in China, and the impact of active aging on labor supply. With the advancement of population aging, the employed population of the elderly grows further, and the employment rate of the elderly population aged 60 and above in China is about 17%. The employment rate of the male elderly population is significantly higher than that of the female elderly population, with the employment rate of 60-year-old male elderly being about 32 percentage points higher than that of females of the same age. Among the employed older adults, nearly 85% or more have an educational attainment of only junior high school or below. Therefore, in the period of rapid population aging in China, it is of great practical significance to study active aging to optimize the structure of the elderly, achieve sustainable economic growth and build a harmonious society.