Sita Nataraj Slavov
The dependency ratio is the number of elderly people and children as a fraction of the number of working-age adults. For example, a dependency ratio of 30 percent would indicate that there are 30 children and elderly people for every 100 working-age adults. The definitions of the age groups may vary. For example, some calculations treat people between the ages of 20 and 64 as working-age adults, whereas others define this group as people ages 15 to 64. The ratio is intended to capture the size of the population that is too old or young to work, relative to the population that is capable of producing economic output; that is, it reflects the number of children and elderly who must be “supported” by each working-age adult. The aged (or old-age) dependency ratio is similar but includes only the number of elderly people as a fraction of the number of working-age ...