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The Impact of Population Aging on the French Economy
- 1 Faculty of French and Francophone Studies, Beijing Foreign Studies University, Beijing, China
* Author to whom correspondence should be addressed.
Abstract
In the face of the formidable challenge of population aging in the 21st century, France, as a typical aging society, is experiencing significant strains on its labor market structure and public finances. With the continually rising proportion of the elderly population, the French government has continuously adjusted the pension system by gradually increasing the statutory retirement age, aiming to alleviate the pressure on pension payments and maintain sustainable economic development. However, while this measure has somewhat slowed down the growth rate of financial burdens, it has been unable to fundamentally reverse the issues arising from aging, such as labor shortages and weakened economic growth momentum. In the future, France may need to adopt a more comprehensive strategy, including optimizing labor market policies, promoting employment and re-employment of the elderly, strengthening the construction of medical and health service systems, and so on, to comprehensively address the complex challenges of an aging society and ensure stable socio-economic development.
Keywords
Population Aging, Retirement Policy, France, Macroeconomics
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Cite this article
Yang,Z. (2024). The Impact of Population Aging on the French Economy. Advances in Economics, Management and Political Sciences,128,202-206.
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