Research on the Synergistic Development of China’s Pension Industry and Pension Career

• Published in: Sustainability 2024-11, Vol.16 (21), p.9394
• Main Authors: Wang, Qian, Jian, Lingxiang, Zhang, Lanyin, Zhang, Yiping
• Format: Article
• Language: English
• Subjects: Aging; Analysis; Economic development; Elder care; Markov processes; Older people; Pensions; Population; Research methodology; Sustainable development; Value chain
• ISSN: 2071-1050; 2071-1050
• DOI: 10.3390/su16219394

To adapt to the new demographic trends and foster high-quality and sustainable population growth, this study analyzes the synergistic development of the pension industry and pension career based on the data of 31 provinces in China from 2016 to 2022, using a distance coordination model, the latest Vague set similarity measure method, new grey relational analysis, kernel density estimation, and Markov chain. The findings indicate that (1) the development levels of China’s pension industry and pension career have shown a steady upward trend, with the gap between them gradually narrowing, though the overall development of the pension career remains higher than that of the pension industry. (2) The synergistic degree of China’s pension industry and pension career is high, with the degree of synergy fluctuating but generally increasing. (3) The synergistic development degree of the pension industry and pension career has continued to rise. The increase in the synergistic development degree shows a spatial distribution pattern of “Central > East > West”. (4) The spatial distribution of synergistic development of China’s pension industry and pension career is uneven, and in the long term, regions with higher synergistic development levels tend to positively influence less developed regions.