Management Review

›› 2019, Vol. 31 ›› Issue (1): 255-267,278.

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Research on the Effect of China's Delayed Retirement Age Policy on Young People Employment

Li Lei1,2, Xi Heng1   

  1. 1. School of Public Administration, Northwest University, Xi'an 710127;
    2. School of Public Management, Henan University of Economics and Law, Zhengzhou 450046
  • Received:2018-05-14 Online:2019-01-28 Published:2019-01-22

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Abstract:

With the prolongation of per capita life expectancy and the decline of fertility rate, China is facing the dilemma of aging population and long-term labor shortage. In response to this problem, many people in the government and academia called for the implementation of a delayed retirement age policy. From the perspective of international experience, the deferred retirement age is an important policy measure for many countries to deal with the problem of population aging. However, the impact of this policy on employment, especially the employment of young people has attracted attention. Faced with the increasingly severe ageing situation, delaying retirement age policy is becoming an inevitable choice for China. This paper mainly studies how the delayed retirement age policy affects young people's employment quantity, quality and structure. Through the analysis, it is found that for the number of new jobs, this policy will produce a "crowding-out effect" for young people's employment in the short term, but it will produce an "absorption effect" for employment in the long-term; in terms of the quality of employment, the policy will not have a negative impact on graduating students, but will have a significant negative impact on young farmers' unions; in terms of employment structures, this policy will not have a significant impact on young people's employment in most industries.

Key words: delayed retirement, young people, employment, employment quality, employment structure