Author(s)

Kevin Meng

Corresponding Author

Kevin Meng

Abstract

In the context of population aging and the digital technology revolution, the silver economy has become a new engine for economic and social development, and the integration of the pension industry and the digital economy is an inevitable trend. From the perspective of the silver economy, this paper systematically discusses the dynamic mechanisms and the path of integration and development. The study found that technology, demand, policy, and the market together constitute a dynamic mechanism that promotes integration through factor coupling and transmission. The paths of integrated development are as follows: First, relevant stakeholders should optimize the supply structure for elderly care services, address the time-and-space mismatch in resource allocation, and achieve an accurate match between supply and demand. Second, the pension industry should reshape its value chain, promote the digital transformation of traditional business forms, and spawn new forms of smart elderly care. Third, the whole society should stimulate the efficiency of the social system, promote intergenerational harmony and social inclusion, and improve the level of social governance. This paper provides a theoretical framework and practical guidance for solving the bottleneck in the development of the pension industry and releasing the economic potential, which is of great significance for actively coping with the aging population and building an elderly-friendly society.

Keywords

Silver economy; Pension industry; Digital economy; Integrated development; Dynamic mechanism