Photo from wikipedia
ABSTRACT To account for economic dependency we propose an adjustment to the old-age dependency ratio based on savings of the elderly. Computations are simple and the adjusted ratio is aimed… Click to show full abstract
ABSTRACT To account for economic dependency we propose an adjustment to the old-age dependency ratio based on savings of the elderly. Computations are simple and the adjusted ratio is aimed at retaining the exogenous character of the conventional demographic ratio. Data from an economy with stagnating incomes and a fast growing elderly population (Japan) and an economy with fast growing incomes (Singapore) highlight that the conventional dependency ratio substantially exaggerates the burden of the elderly.
Keywords:
age dependency;
dependency really;
ratio;
old age;
dependency
Journal Title: Applied Economics Letters
Year Published: 2018
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!
Journal Title: Applied Economics Letters
Year Published: 2018
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!