Research on Policy of Delayed Retirement, Old-Labor Supply and Urban-rural Income Gap -An Empirical Analysis based on Inter-provincial Data of China

摘要

Based on the panel data of 28 provinces from 2003 to 2015, this paper uses the fixed effect model to empirically study the relationship between the delayed retirement policy and the urban-rural income gap. The study proves a significant positive correlation between the population of employed elderly and the urban-rural income gap, indicating that the implementation of the delayed retirement policy will influence the urban and rural income gap by increasing the supply of old-age labor. Therefore, the policy of delayed retirement should be incrementally implemented and the interests and contradictions of various aspects should be weighted so as to ensure the steady and healthy development of the economy.