According to official predictions, China is expected to have more than 300 million senior residents by 2025. How is the aging population, a social issue, related to the equal distribution of income, an economic issue? Professor Chen Yuyu from Guanghua School of Management draws on his expertise in inequality, human capital and growth, and discusses the measures that have been adopted to tackle these challenges.

China is getting older. By 2025, the country is expected to have more than 300 million senior residents, according to a prediction made by the Ministry of Civil Affairs.

An aging society means a widening gap in income distribution, which Chen Yuyu, professor of economics at the Guanghua School of Management of Peking University, called the "biggest issue of our time". Technology, climate change and urbanization are three emerging forces that exacerbated income inequality, according to Chen.

How is the aging population, a social issue, related to the equal distribution of income, an economic issue? To tackle the challenges brought by income inequality, what measures have proven to be effective? Get the answer from a conversation with Prof. Chen, a longtime expert on inequality, human capital, productivity and growth.

Source: Two Sessions Spotlight: Striking the delicate balance between an aging population and income inequality

peoplesdaily.pdnews.cn | Updated: 2021-03-10 10:05