Silver Transition's Impact on Shandong's Consumption Structure

Chong Zhang

2025

Abstract

The gradual intensification of population aging in China is manifested in substantial structural shifts in consumption expenditure patterns. Taking Shandong Province as an example, this paper examines the characteristics of population aging in the province, using data on the elderly population from 2010-2023. The impact of aging on the composition of consumption expenditures is quantitatively studied through the Pearson correlation coefficient method. It is found that population aging has a statistically significant association with the composition of consumption expenditure. In terms of the composition of consumption expenditure, aging is positively associated with the proportion of expenditure on education, culture, recreation, and health care. This suggests that aging contributes to total consumption expenditure by increasing expenditure on education, recreation, and health care. In addition, the correlation coefficient between aging and the proportion of food, tobacco and alcohol expenditure and housing expenditure is negative, indicating that aging increases will reduce the proportion of food, tobacco and alcohol consumption and housing consumption. Policy recommendations include improving social protection, developing industries focused on older persons, adjusting fertility policies to address the impact of ageing on consumption, and promoting sustainable growth through targeted economic adjustments.

Paper Citation

in Harvard Style

Zhang C. (2025). Silver Transition's Impact on Shandong's Consumption Structure. In Proceedings of the 2nd International Conference on Innovations in Applied Mathematics, Physics, and Astronomy - Volume 1: IAMPA; ISBN 978-989-758-774-0, SciTePress, pages 355-359. DOI: 10.5220/0013825700004708

in Bibtex Style

@conference{iampa25,
author={Chong Zhang},
title={Silver Transition's Impact on Shandong's Consumption Structure},
booktitle={Proceedings of the 2nd International Conference on Innovations in Applied Mathematics, Physics, and Astronomy - Volume 1: IAMPA},
year={2025},
pages={355-359},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013825700004708},
isbn={978-989-758-774-0},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on Innovations in Applied Mathematics, Physics, and Astronomy - Volume 1: IAMPA
TI - Silver Transition's Impact on Shandong's Consumption Structure
SN - 978-989-758-774-0
AU - Zhang C.
PY - 2025
SP - 355
EP - 359
DO - 10.5220/0013825700004708
PB - SciTePress