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The total age dependency ratio compares dependents, the number of children under the age of 15 plus the number of people over the age of 64, to the number of workers between those ages.
The rise in the old age dependency ratio – the ratio between people older than 64 to the working-age population – has been particularly acute.
An aging population means that the fraction of working-age population to total population is declining and the old age dependency ratio is increasing.
Specifically, I add unemployment rate, age dependency ratio (older than 65 over working-age population), and government consumption share of GDP (pull factors), and wars, political regimes, and young population at origin (push factors).
The workforce participation rates will remain largely unchanged, but the overall drop in the working-age population will affect the total age dependency ratio, squeezing national budgets for social services.
EUROSTAT, the EU statistics agency, projects the total age dependency ratio to rise from 51.1%% in 2013, or about two working-age people for every dependent, to 77.9 % in 2080, or about one and a half workers for every dependent [24].3.
Similar(49)
Does lower fertility and slower population growth always lead to higher standards of living, or can fertility be too low in the sense that rising old age dependency ratios more than offset the human capital gains?
That will raise the old-age dependency ratio from 28% in 2010 to 58% in 2060.
The "old-age dependency ratio"—the ratio of old people to those of working age will grow even faster.
That means China's old-age dependency ratio (which compares the number of people over 65 with those aged 15 to 64) will soar.
That double squeeze pushes up the old-age dependency ratio (defined as those aged 65 or more relative to 20-to 64-year-olds).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com