Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)

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An Empirical Study on the Impact of Delayed Retirement on the Youth Unemployment in China

Authors
Zejian An1, Wanqing Wang2, *, Yuping Zhang3
1Southwest University, School of Economics, Chongqing, China
2Beijing Institute of Technology University, School of Economics, Beijing, China
3National University of Singapore, Faculty of Arts & Social Science, Chongqing, China
*Corresponding author. Email: 1120193368@bit.edu.cn
Corresponding Author
Wanqing Wang
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-042-8_81How to use a DOI?
Keywords
unemployment rate; delayed retirement; working-age population
Abstract

This paper examines the relationships between delayed retirement and youth unemployment. In light of the life-circle hypothesis, it assumes that the income before retirement is fixed and the consumption level is also constant, perceiving all consumers as rational. All data comes from China Statistical Yearbook, which spans the years 2003 to 2020. The paper mainly uses logarithm processing, runs Pearson relevance and Hausman tests through STATA. It employs the youth unemployment rate as the explained variable and the working-age population as the explanatory variable. The findings show that the labour population of a city has a significantly positive effect on its unemployment rate. One percentage increase in the labour force will result in a 0.54 increase in youth unemployment. It might be ascribed to the stability, saturation of jobs and current economic situations, decreasing the jobs for young people. Therefore, it implies that delayed retirement increases youth unemployment, which is detrimental to social development. At last, the paper gives some policy suggestions to help governments deal with these issues.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
Series
Advances in Computer Science Research
Publication Date
29 December 2022
ISBN
978-94-6463-042-8
ISSN
2352-538X
DOI
10.2991/978-94-6463-042-8_81How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zejian An
AU  - Wanqing Wang
AU  - Yuping Zhang
PY  - 2022
DA  - 2022/12/29
TI  - An Empirical Study on the Impact of Delayed Retirement on the Youth Unemployment in China
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 568
EP  - 573
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_81
DO  - 10.2991/978-94-6463-042-8_81
ID  - An2022
ER  -