Study On The Influence Of Aging On Servitization Of Industrial Structure

From the perspective of the output value of the three industries,in recent years,the proportion of the primary industry in China has continued to decline,the proportion of the secondary industry has generally declined,and the proportion of the tertiary industry has generally risen.Although the adjustment of economic structure has made obvious progress,the unbalanced characteristics of industrial structure change are prominent,such as the unreasonable industrial structure,the slow upgrading of the internal industrial structure,the unbalanced regional industrial structure,and the prominent industrial homogeneity between regions.At the same time,the transformation and upgrading of China’s industrial structure develops simultaneously with population aging,showing a trend of getting old before it gets rich.Population aging provides conditions for the upgrading of industrial structure,and in turn,the adaptation of economic growth to aging will also affect the process of industrial structure upgrading.Based on the data of OECD countries from 1960 to 2021,this paper establishes the corresponding theoretical framework to explore the mechanism of aging affecting the servitization of industrial structure.The specific ideas of this paper are as follows: on the basis of fully understanding the theory that aging affects the servitization of industrial structure,firstly,based on the realistic background and previous experience,the characteristics and connections of aging and industrial structure are analyzed;Secondly,from the four aspects of labor supply level,consumption scale,human capital investment and aging financial burden,this paper puts forward the mechanism of aging affecting the servitization of industrial structure,and expounded its theoretical mechanism in detail.Furthermore,the two-way fixed effect model is used for empirical test.Finally,the sample countries are divided according to different human development indexes and urbanization levels for heterogeneity analysis.The results show that: 1)Aging hinders the servitization of industrial structure by reducing the level of labor supply.(2)Aging promotes the servitization of the industrial structure by expanding the consumption scale.(3)Aging promotes the servitization of industrial structure by increasing investment in human capital.(4)Aging drives the development of the service industry through the financial burden of aging,thus promoting the servitization of the industrial structure.(5)In countries with high human development index,the promotion effect of aging on the servitization of industrial structure is more significant;With the improvement of urbanization level,the promoting effect of aging on the servitization of industrial structure first increases and then decreases.To sum up,based on the above conclusions,from the perspective of actively coping with population aging and optimizing the industrial structure,this paper studies how to create conditions for the transformation of China’s industrial structure while giving full play to the positive impact of population aging,and puts forward more reasonable suggestions for the coordinated development of China’s population and industrial structure while avoiding the risk of aging.