Formula
In published international statistics, the dependent part usually includes those under the age of 15 and over the age of 64. The productive part makes up the population in between, ages 15 – 64. It is normally expressed as a percentage:
As the ratio increases there may be an increased burden on the productive part of the population to maintain the upbringing and pensions of the economically dependent. This results in direct impacts on financial expenditures on things like social security, as well as many indirect consequences.
The (total) dependency ratio can be decomposed into the child dependency ratio and the aged dependency ratio:
Read more about this topic: Dependency Ratio
Famous quotes containing the word formula:
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—Fannie Hurst (1889–1968)
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