Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)

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The Effect of Population Aging on the Fiscal Burden of Local Governments

——An Empirical Analysis Based on Provincial Panel Data in China

Authors
Kaijie Liang1, *
1Faculty of Social Sciences, University of Macau, Macau, 999078, China
*Corresponding author. Email: mc15268@umac.mo
Corresponding Author
Kaijie Liang
Available Online 21 June 2024.
DOI
10.2991/978-94-6463-441-9_18How to use a DOI?
Keywords
population aging; fiscal burden; pension system
Abstract

China’s rapid and deep population aging has brought great effect and challenges to local governments fiscal. In the context of China’s national pooling of basic state pension has entered the implementation stage and the demographic changes of the 7th census. This paper explores the effect of population aging on fiscal burden based on provincial panel data from 2007 to 2019. The results show that at the national level, population aging disrupts the balance between local governments fiscal revenues and expenditures and increases the local fiscal burden. At the regional level, the effect of population aging on the fiscal burden of local governments is more significant in non-eastern regions compared to eastern regions. Therefore, the government should improve the current situation of population aging in China and promote the sustainable development of local governments fiscal from three perspectives: establish a comprehensive pension system, focus on the balance between fiscal expenditures and revenues, and establish a comprehensive fertility system.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
21 June 2024
ISBN
978-94-6463-441-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-441-9_18How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Kaijie Liang
PY  - 2024
DA  - 2024/06/21
TI  - The Effect of Population Aging on the Fiscal Burden of Local Governments
BT  - Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
PB  - Atlantis Press
SP  - 193
EP  - 205
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-441-9_18
DO  - 10.2991/978-94-6463-441-9_18
ID  - Liang2024
ER  -