Abstract
The issue of aging and delayed retirement is one of the key topics of research today, and researchers have studied the effects and problems of aging and delayed retirement policies on different aspects of society, but there is always a lack of uniform explanation for the issue of the impact of delayed retirement policies on Chinas labor market. Therefore, this paper explores the impact of delayed retirement policy initiation on Chinas labor supply by means of data analysis and policy research. It is found that the impact of the delayed retirement policy on Chinas labor supply is mainly fourfold. First, at the short-term level, it leads to a greater labor supply than demand. Second, at the long-term level, it can alleviate part of the labor shortage caused by aging. Third, it can promote the accumulation and full utilization of labor capital. Finally, delaying retirement may cause the crowding out of labor jobs for young people. This shows that the impact of delayed retirement policy on Chinas labor supply is both positive and negative. A reasonable retirement policy can ensure a reasonable supply of labor force in the long run, thus ensuring economic development.
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