Aging of Population, Vocational Education and Economic Growth: Using Panel DEA-Tobit as Tool

摘要

Based on the background of population aging, taking vocational education and economic growth as the research object, the comprehensive technical efficiency was studied by using panel DEA-Tobit model. Firstly, taking employment, wages and vocational education as input and economic growth as output, the efficiency of various provinces was measured by Data envelopment analysis. And the effect of child dependency ratio and elderly dependency ratio on efficiency was measured by fixed effect panel DEA-Tobit model. The results showed that the comprehensive technical efficiency and resource utilization ratio of employment, wages, vocational education and economic growth are relatively low in China. Moreover, there is a negative correlation between the aging population and the efficiency value, that is, the aging of population hinders the comprehensive technical efficiency of employment, wages, vocational education and economic growth. Therefore, it is necessary to consider the background of the aging of population and make more efforts to adjust the input of employment, wage and vocational education so as to promote the coordinated development of all regions.