Statistical Analysis Of Regional Differences In The Impact Of Population Aging On The Development Of Financial Industry

With the increase of the elderly population and the decrease of the fertility rate,the aging phenomenon in China is becoming more and more serious.In 2000,China formally entered the aging society,the arrival of the aging society has brought all aspects of the impact on China’s economic development.In addition,around 2007,China’s financial industry developed rapidly.According to the past situation,most of the studies are about the impact of population aging on China’s economy,only a few of them are about the impact of population aging on the development of China’s financial industry,and the impact of the study is for the whole country,but the impact on different regions is not clear,so this paper divides eight economic regions to study from the perspective of population aging Study the factors that affect the development of financial industry.First of all,based on the data of 31 provinces in China from 2007 to 2017,this paper selects the factors such as added value of financial industry,dependency ratio of the elderly,fixed capital investment,employment,urbanization rate,per capita GDP,etc.through the analysis,it can be seen that there is an obvious situation of aging population in China as a whole.At the same time,in the past ten years,the overall momentum of financial industry is strong and the added value is increasing More than 500 million yuan,but in the eight economic zones,the imbalance is more obvious.Secondly,this paper uses Eviews to complete the empirical research part.When the model was just established,in order to prevent the phenomenon of pseudo regression,unit root test was used to ensure the stability of the sequence;variable coefficient model,variable intercept model and hybrid model were established,and finally fixed effect variable coefficient model was selected through F test and Hausmann test.The main conclusions of this paper are as follows: the aging population has obvious regional differences in the development of China’s financial industry.From the results of the variable coefficient fixed effect model,the eastern coastal economic zone,the southern coastal economic zone,the southwest comprehensive economic zone,the Northwest Economic Zone are used for promotion,while the other areas are used for inhibition.In terms of the added value of the regional financial industry,the added value of the financial industry in the Northeast comprehensive economic zone is lower than that in other regions,the added value of the financial industry in the eastern coastal economic zone is much higher than that in other regions,and the value of Guangdong Province in the Southern coastal economic zone is also higher than that in other provinces;in terms of the fixed capital investment,the value of the fixed capital investment in the northern coastal economic zone is higher;in terms of the regional financial industry,the added value of the financial industry is much higher In terms of the added value,in terms of the dependency ratio of the elderly,the growth rate of the dependency ratio of the elderly in the middle reaches of the Yellow River Economic Zone and the middle reaches of the Yangtze River Economic Zone is the largest,and the dependency ratio of the elderly in the southwest Comprehensive Economic Zone in 2007 and 2008 is on the high side;in the Northwest Economic Zone,the p value is greater than 0.05,and the result is not significant.By comparing the restrained regions and the promoted regions,the paper analyzes five reasons,namely,the lack of financial pension awareness,the lack of government coordination,the younger retirees,the lack of financial pension channels,and the lack of targeted financial pension products.Finally,according to the empirical results of the aging population in different regions to affect the regional differences in the development of financial industry,put forward targeted policy recommendations.