How does the digital economy affect the sustainability of pensions? Evidence from China

The relationship between an ageing population and pension sustainability is interrelated with the positive effect of the digital economy on both. However, there has been limited research conducted on the connection between the digital economy and pensions. In this study, we analyse the impact channels of the digital economy on pension sustainability using panel data at the city and provincial levels and an intermediary effect model. The analysis indicates that the digital economy can enhance the sustainability of pension funds through the mediating transmission mechanisms of economic growth, income, and employment effects. Furthermore, the development of a digital economy can effectively regulate the impact of ageing on the sustainability of pensions. We also discuss the relationship between digital development, population structure, and sustainable development of pension systems, along with policy advice.