The average age of the workforce in China has increased over the past three decades you, along with the value of human capital through improved education, according to a recent report.
From 1985 to 2017, the average age of employees rose from 32.2 to 37.8, according to the report, published by the China Center for Human Capital and Labor Market Research Central University of Finance and Economics in Beijing.
11 was focused on human capital report issued by the center since 2009.
human capital refers to the habits, knowledge, personal attributes and social enshrined in the capacity do work to produce economic value.
According to the report, the provinces of northeastern Liaoning, Jilin and Heilongjiang, along with the province of Hunan and Chongqing, have workforces oldest in the country, while Guangdong, Guizhou and Hainan, and both autonomous regions of Xinjiang Uygur and Tibet have younger.
In 2017, the total value of human c apital stood at 1.934 trillion yuan ($ 281 trillion), more than 10 times the figure for 1985, due to education levels improved workers.
According to the report, during the study period, the proportion of the workforce high complete high school or higher education increased by nearly 11.5 percent to 37.5 percent.
Li Haizheng, the principal investigator of the report, said that human capital referred to in the study was generally measured through the innate intelligence and acquired activities such as study and work.
he said the increase in the average age of the workforce could be related to the old family planning policy and the problem of aging, adding, "reducing young workforce, will a negative effect on the economy and on innovation and creative activities nation.
"to the announce some preferential policies, the government is encouraging people to have a second child, but it will take time to see the results.
"Retirement can be deferred to EA Help SE problem, because the health of people is now much better than in previous decades. In addition, older workers can improve their skills and knowledge through learning, helping to enrich the talent for innovation and creativity. "
Li said that education is key to raising the value of the human capital of the nation.
"We now have compulsory education through high school. This can be extended to higher high or even higher education, which will be beneficial in increasing the value. Those who are now at work you can also take online courses to improve their skills. "
Li added that companies can adjust work to allow employees to learn more from their jobs, rather than just performing repetitive tasks.
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