Abstract
In recent years, our service industry develops rapidly, but compared with developed countries, the shortboard is still obvious. There is a gap between the supply level of Chinese service industry and that of international market demand, which shows that there is still much room for improvement in Chinese service industry. The report to the 20th National Congress of the Communist Party of China proposed: "We will build a new system of high-quality and efficient service industries, and deeply integrate modern service industries with advanced manufacturing and modern agriculture." Accelerating the transformation and upgrading of the service industry has been the focus of the current government work. The transformation and upgrading of the service industry cannot be separated from the support of the population. The "seven-prong" data shows that the phenomenon of fewer children and aging is getting worse. The transformation and upgrading of the service industry will be directly affected by the age structure of the population, and the change of the age structure of the population will also have an impact on the transformation and upgrading of the service industry through affecting social labor productivity, consumer demand and technological innovation.
This paper uses double fixed effect model to analyze the influence of population age structure on service industry transformation and upgrading. At the same time, this paper also tested the intermediary effect of labor productivity, consumption demand and technological innovation, and analyzed the influence mechanism of population age structure change on the service industry transformation. The main conclusions are as follows:
1. The increase of the dependency ratio between children and children will promote the transformation and upgrading of the service industry, while the increase of the dependency ratio of the elderly population will hinder the transformation and upgrading of the service industry.
2. Changes in the child-child dependency ratio and the old-age dependency ratio will affect the transformation and upgrading of the service industry through labor productivity, consumer demand and technological innovation.
3. From the perspective of the internal segmentation of the service industry, the improvement of the child-support ratio will promote the transformation and upgrading of producer services and consumer services; However, the increase of old-age dependency ratio will hinder the transformation and upgrading of producer services and consumer services.
Keywords: Population age structure; Transformation and upgrading of the service sector; Mediation effect test
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