Author： Liang James
Publisher： Routledge Ltd
ISSN： 1753-8963
Source： China Economic Journal, Vol.5, Iss.2-3, 2012-06, pp. : 85-95
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Abstract
This paper argues that one child policy in China will negatively affect entrepreneurship in China 20 to 30 years later. The author first presents evidence that aging has been partially responsible Japan's recent economic stagnation. Then the paper presents evidence that young people are more able entrepreneurs. Moreover, the aging of the workforce can negatively affect entrepreneurship particularly for young people, because young people are promoted more slowly in an aging organization, and therefore accumulated less human capital to be successful entrepreneurs. Lastly, the paper predicts that entrepreneurship will suffer a great deal if China continues its one child policy.
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