IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v78y2025ics1544612325004507.html
   My bibliography  Save this article

Population aging, unemployment rate and regional innovation

Author

Listed:
  • Wang, Chuanpeng
  • Li, Chunlei
  • Wang, Yuanlun

Abstract

This study reports whether population ageing and unemployment rates have an impact on regional innovation outputs. Based on empirical analyses with relevant data for 2010 and 2020, the study finds that an increase in population ageing leads to an increase in regional innovation output, which is partly mediated by the unemployment rate, population ageing contributes indirectly to an increase in regional innovation output by reducing the unemployment rate. The study also shows the heterogeneity of this effect across regions.

Suggested Citation

  • Wang, Chuanpeng & Li, Chunlei & Wang, Yuanlun, 2025. "Population aging, unemployment rate and regional innovation," Finance Research Letters, Elsevier, vol. 78(C).
  • Handle: RePEc:eee:finlet:v:78:y:2025:i:c:s1544612325004507
    DOI: 10.1016/j.frl.2025.107187
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325004507
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.frl.2025.107187?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. XiFeng Yang & MeiHui Qi, 2024. "Inhibiting or promoting: Population aging and economic development in China," PLOS ONE, Public Library of Science, vol. 19(5), pages 1-18, May.
    2. Tan, Na & Liang, Xiaojun & Chang, Liang, 2024. "Growing older and growing technologically backward? Population ageing and high-technology exports of 171 countries," The Journal of the Economics of Ageing, Elsevier, vol. 29(C).
    3. Wang, Hua & Chen, Yaorui, 2024. "The impact of population aging on capital structure decisions and capital market efficiency: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    4. Chu, Yihe & Li, Yujia & Che, Ming, 2024. "Population aging and the dynamics of the skill income gap: An analysis of a multiple mediation effect," Finance Research Letters, Elsevier, vol. 62(PB).
    5. Jasna Auer Antončič & Jana Hojnik & Mitja Ruzzier & Maja Konečnik Ruzzier & Brandon Soltwisch, 2024. "The Role of Demographic Changes and Digitalization in Eco-Innovations and Their Effects on the Growth of Companies," Sustainability, MDPI, vol. 16(14), pages 1-14, July.
    6. Xiao, Fenghua & Wang, Jinbo & Li, Huijun & Yang, Juan, 2024. "Population aging and corporate human capital restructuring," Finance Research Letters, Elsevier, vol. 67(PA).
    7. Zhao, Yantong & Said, Rusmawati & Ismail, Normaz Wana & Haris, Asmaddy & Hamzah, Hanny Zurina, 2024. "Impact of population ageing on the application of industrial robots: Evidence from China," The Journal of the Economics of Ageing, Elsevier, vol. 29(C).
    8. Wang, Pengmian & Zhao, Tao, 2024. "Impact of population aging on corporate digital transformation strategies: An empirical investigation based on population census data from various provinces in China," Finance Research Letters, Elsevier, vol. 67(PA).
    9. Sheng, Jichuan & Ding, Rui & Yang, Hongqiang, 2024. "Corporate green innovation in an aging population: Evidence from Chinese listed companies," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    10. Siyan Chen & Saul Desiderio, 2024. "Does increasing the retirement age increase youth unemployment? Evidence from an agent-based macro model," Journal of Evolutionary Economics, Springer, vol. 34(4), pages 811-847, December.
    11. Stephanie Duchek & Sarah Hã–Ne, 2024. "Innovation Hubs In Rural Areas In Germany: A Qualitative Analysis Of Roles, Types, And Impacts," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 28(07n08), pages 1-38, October.
    12. Yu Lu & Yaqi Zhao & Yuhan Li & Yuhe Cao, 2023. "Direct Tax Burden, Financing Constraints, and Innovation-Based Output," Sustainability, MDPI, vol. 15(21), pages 1-21, October.
    13. Ma, Jinghao & Shang, Yujie & Liang, Zhenghan, 2024. "National central cities, technological innovation, and economic growth," Finance Research Letters, Elsevier, vol. 67(PB).
    14. Xueyan Xie & Xiaohui Xu, 2024. "The impact of population aging on SME digital transformation: Evidence from China," PLOS ONE, Public Library of Science, vol. 19(5), pages 1-26, May.
    15. Mingzhi Zhang & Chao Chen & Xiangyu Zhou & Xinpei Wang & Bowen Wang & Fuying Huan & Jianxu Liu, 2024. "The impact of accelerating population aging on service industry development: Evidence from China," PLOS ONE, Public Library of Science, vol. 19(6), pages 1-22, June.
    16. Guo, Wanran & Zhong, Daojun, 2025. "Population aging and regional innovation levels: Based on the mediating effect of research and development inputs," International Review of Financial Analysis, Elsevier, vol. 97(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wen, Huwei & Shang, Junjie & Nghiem, Xuan-Hoa, 2025. "Does artificial intelligence matter for the population aging-inclusive growth nexus? International evidence," Telecommunications Policy, Elsevier, vol. 49(4).
    2. Lee, Chien-Chiang & Yan, Jingyang & Xuan, Chengnan, 2025. "Blessing or curse? The effect of population aging on renewable energy," Energy, Elsevier, vol. 320(C).
    3. Lee, Chien-Chiang & Li, Jiangnan & Yan, Jingyang, 2025. "Can artificial intelligence contribute to the new energy system? Based on the perspective of labor supply," Technology in Society, Elsevier, vol. 81(C).
    4. Xiao, Yao & Xiang, Rong & Sun, Yong-lei & Chen, Jin & Hao, Yun-hong, 2025. "Digital disruption, knowledge and collaborative networks and green innovation in China manufacturing transformation," Technological Forecasting and Social Change, Elsevier, vol. 216(C).
    5. Jiang, Wenbing & Du, Lei & Wei, Huafei & Sun, Helin, 2024. "The influence of urban new energy development orientation on new energy technology innovation in firms," Renewable Energy, Elsevier, vol. 237(PD).
    6. Zhang, Ping & Yang, Huilin & Chen, Chen & Wang, Tao & Jia, Ximeng, 2025. "The impact of population aging on corporate digital transformation: Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 214(C).
    7. Qiu, Weijian & Yang, Wenxuan & Qiu, Le, 2025. "Population aging, market competition and enterprise green innovation," Finance Research Letters, Elsevier, vol. 74(C).
    8. Liu, Ethan Xin & Dang, Lily, 2025. "Digital transformation and debt financing cost: A threefold risk perspective," Journal of Financial Stability, Elsevier, vol. 76(C).
    9. Guo, Jing & Yu, Jiaqi & Tian, Ziqing, 2025. "Financial technology, population aging, and corporate innovation," International Review of Financial Analysis, Elsevier, vol. 100(C).
    10. Jingyi Yang & Xiaoyang Guo & Yang Shen, 2024. "Research on Global Tax Governance under the Background of Digital Economy," Review of Economic Assessment, Anser Press, vol. 3(1), pages 86-101, March.
    11. Zhang, Junjie & Yu, Shiwei & Hu, Yundie & Hu, Xing & Zhang, Wenqing, 2025. "Impact of China's renewable energy product exports on host countries' energy transition R&D: The role of population aging," Energy Economics, Elsevier, vol. 144(C).
    12. Cui, Yang & Zhang, Yanliang, 2025. "Financial stability strategies: Bankruptcy courts and corporate capital structure adjustment," International Review of Economics & Finance, Elsevier, vol. 99(C).
    13. Zhefan Piao & Xie Chen & Yang Li & Kun Yang, 2025. "How does green finance overcome the bottleneck of green productivity? Moderating effects of green transformation," Economic Change and Restructuring, Springer, vol. 58(1), pages 1-40, February.
    14. Wang, Lili & Liang, Jian & Wang, Beibei, 2024. "Population aging and sustainable economic development: An analysis based on the role of green finance," Finance Research Letters, Elsevier, vol. 70(C).
    15. Preethu Rahman & Mohammad Musa, 2025. "Bridging innovation and growth: the Belt and Road Initiative’s impact on Chinese provincial economies," International Economics and Economic Policy, Springer, vol. 22(3), pages 1-30, July.
    16. Xin Zhao & Shuyang Wang & Xiaoyu Wu, 2025. "Leveraging Board Experience Diversity to Enhance Corporate Green Technological Innovation," Sustainability, MDPI, vol. 17(8), pages 1-25, April.
    17. Wang, Huilin & Liu, Jiliang, 2025. "Aging of population, digital financial inclusion, and public education expenditure," Finance Research Letters, Elsevier, vol. 73(C).

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:78:y:2025:i:c:s1544612325004507. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.