The Impact Of Population Aging On The Savings Rate Of Rural Residents

As an important factor affecting the national economic growth,since the reform and opening up,high savings and high growth have been a typical feature of China’s economy.As an important part of national savings,household savings plays a vital role in the development of national economy.Due to the huge difference of urban and rural dual economy in China,there is a huge difference in income between urban and rural areas,and there is also a huge difference in savings between urban and rural residents.Most of the high savings of Chinese people are driven by the savings of urban residents,while the savings in rural areas is lower than that of urban areas and it has been on a downward trend in recent years.Rural savings as an important source of funds for China’s economic growth,low savings,on the one hand,will affect the development of China’s financial system,on the other hand,the low consumption demand and income in rural areas,will also affect the investment efficiency in rural areas.Long-term development will lead to the disharmony of China’s economic structure.Population aging and the influence of urban and rural savings rate direction and mechanism,an aging population,urban residents survive after retirement time longer,they will work longer time,and urban residents generally have pension,but an aging population,will increase medical consumption in rural areas,reduce the savings rate of residents,aggravate the economic imbalance in our country.So from the perspective of an aging population research on the influence of rural residents ’savings,and the introduction of digital pratt &whitney financial as a regulating variable,put forward relevant Suggestions,to help and guide rural residents’ income,keep the savings rate in a reasonable range,stimulate the rural residents savings rate in a reasonable range,is of great significance to promote rural economic development,the introduction of digital pratt & whitney financial,to alleviate the phenomenon of high savings in our country provides a new way.This thesis first consulted the relevant literature,starting from the analysis of the impact of population aging on resident savings rate,and found that most scholars on the research of population aging on urban residents ’savings,and less research on rural residents’ savings.Starting from the basic savings theory,this thesis introduces the current situation and characteristics of population aging,rural residents ’savings rate and digital inclusive finance,analyzes the influence mechanism of population aging on rural residents’ savings,and the adjustment effect of digital inclusive finance on rural residents’ savings rate.Secondly,this thesis selects the elderly dependency ratio and the savings rate of rural residents in 31 provinces from 2011 to 2020 to form the panel data and build a multiple regression model.Analysis of the influence of aging population for rural residents savings rate,and regional heterogeneity analysis,join digital pratt & whitney financial and rural residents income interaction,verify digital pratt & whitney financial regulation effect,and join the elderly dependency ratio to verify the population aging for rural residents savings rate is reversal relationship.In this thesis,through an empirical model,The aging of the population has an inverse relationship to the savings rate of rural residents,The intensification of the aging population,It will reduce the savings rate in rural areas,As can be seen from the square item of the elderly dependency ratio,The aging population makes the savings rate of rural residents present an "inverted U" change;Subregional analysis,The impact of population aging on the savings rate of rural residents has a significant negative correlation in the eastern and western regions,But the central region is not significant;Select the digital financial inclusion as the adjustment variable,Establish a regulatory model,Integration of digital financial inclusion and rural income,After adding the interaction item,The coefficient of the interaction is positive,While the coefficient of population aging on the savings rate of rural residents is negative,It shows that digital inclusive finance will increase the savings rate of rural residents by increasing their income,This shows that the inclusion of digital inclusive.