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"age ratio" is correct and usable in written English.
You can use it to refer to the proportion or ratio of two different ages within a particular group. For example, "The age ratio of students in the school is 3:1, with three 18 year-old students for every one 19 year-old student."
Exact(22)
When the age ratio declines, as it is likely to do until about 2018, the market's P/E will also decline.
Age-adjusting is done by multiplying the community-rated premium for the youngest members in the expected risk pool by a standard, multiplicative age ratio to be used by all insurers.
Employment/Population (of working age) Ratio .
Conventional distribution factors: spouses' wage ratio, their age ratio, and their years of education ratio.
Conventional distribution factors include the spouses' wage ratio, their age ratio, and their years of education ratio.
The age ratio is obtained as a quotient of the population in a particular age group divided by the average population of the two adjacent age groups.
Similar(38)
Welsh et al. (2008) estimated survival based upon age ratios.
The jagged pattern of age ratios suggests age exaggeration or displacement.
Behaviour, species composition and sex and age ratios were typical of swarming reported in other studies.
Sex and age ratios of wildcats, using the open landscapes, were balanced, and one successful reproduction event was recorded.
The irregular patterns of sex ratios (Fig. 3) and age ratios (Fig. 4) are indicative of errors of age misreporting, undercounting or overcounting in census data.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com