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Age-dependency ratio

Updated: Aug 20, 2021

A ratio that measures the number of dependents in the population relative to the number of economically active. A higher ratio indicates greater reliance of the non-working population on goods and services produced by the working population in the society.

Age-dependency ratio

The old-age-dependency ratio is increasing in many countries and is an important factor in the pensions crisis.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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