Study on the Influence of Population Aging on the Economic Development of Shandong Province

The change of population structure will inevitably have an impact on social and economic development, especially on the existing old-age security system and the labor market. This paper analyzed the economic development situation in Shandong province and the aging of the population, discussed the mechanism of the impact of population aging on economic development. By means of econometric analysis, this paper studied the mutual influence between population aging and economic growth in Shandong Province, and draw a conclusion that the aging population has a certain degree of slowing down effect on regional economic development. The aging of the population has a profound impact on the development of regional economy and its impact on regional economic development in the long run will be more obvious. In essence, population aging is not the ultimate decisive factor in economic development, but its regional economic development has a certain deceleration effect.