Foreword; Acknowledgements; Contents; General Introduction; Abstract; 1 Overview; Abstract; 1 From the 'Low-Income Trap' to the 'Middle-Income Trap'; 1.1 'Development Traps'; 1.2 Economic 'Take-Off' After the 'Low-Income Trap'; 1.2.1 External Conditions for the Economic 'Take-Off'; 1.2.2 The Inner Drive for Economic 'Take-Off'; 1.3 Causes of the 'Middle-Income Trap'; 1.3.1 Failure to Keep up with Technological Progress, Informatization and Economic Globalization; 1.3.2 The Outbreak of Social Conflicts; 1.3.3 Abnormal Urbanization; 1.3.4 The Dual Impact of Population Aging

2 Population Aging in the Twenty-First Century2.1 The Trend of Population Aging in the World; 2.2 Features of Population Aging in China; 2.2.1 Population Aging in China; 2.2.2 Features of Population Aging in China; 3 The 'Middle-Income Trap' and Population Aging; 3.1 Transform the Pattern of Economic Growth; 3.1.1 Transformation of the Development Goal; 3.1.2 Transformation of the Development Incentive; 3.1.3 Transformation of the Economic Growth Pattern; 3.2 Settle the Outbreak of Social Conflicts; 3.2.1 Unfair Possession and Distribution of Resources

3.2.2 Technological Progress and Employment3.2.3 Economic Growth and Social Security; 3.2.4 Market Mechanism and Government Functions; 3.2.5 Anti-corruption and Social Stability; 3.3 Take on an Urbanization Path that Coordinates Urban and Rural Development; 3.3.1 Two Urbanization Paths; 3.3.2 Suggestions for Policymaking; 3.4 Actively Deal with the Challenges of Population Aging; 3.4.1 The 'Golden Age' Is not Over; 3.4.2 The Elderly Dependency Ratio Keeps Increasing; 3.4.3 The Aging of the Working-Age Population; 3.4.4 Rising Wage Rate and Decreasing Marginal Investment Returns

3.4.5 Release the Consumption Potential of the ElderlyReferences; 2 Population Aging and Economic Growth; Abstract; 1 Population Aging and Labour Supply; 1.1 The 'Golden Age' Is Not Over; 1.2 Dealing with the Closing 'Demographic Window'; 1.3 The Aging of the Working-Age Population; 2 Savings and Investment and Population Aging; 2.1 Savings and Population Aging; 2.1.1 Income of the Elderly; 2.1.2 Savings of the Elderly; 2.2 Investment and Population Aging; 2.2.1 Population Aging and Capital Accumulation; 2.2.2 Population Aging and Fixed Assets Investment

2.2.3 Population Aging and New Investment Demand3 Population Aging and Human Capital Accumulation; 3.1 Population Aging and Human Capital; 3.2 Population Aging and Technological Progress; 3.3 Elderly Human Resources Development; 3.3.1 Elderly Human Resources Development; 3.3.2 Developing the Senior Care Industry; References; 3 Population Aging and Consumption; Abstract; 1 The Characteristics of Consumption at the Middle-Income Stage; 1.1 'Consumer Trap' at the Middle-Income Stage; 1.2 Current Situation and Problems of Consumption; 1.2.1 Low Final Consumption Rate