What is the relationship between age composition and dependency ratio?
Relationship between age composition and dependency ratio can be explained from the following:
a. The age composition impacts the dependency ratio as there are groups who are not producers.
b. These groups include children below the age of 15 who are economically unproductive.
c. They are dependent on the working population for food, clothing, shelter, medical needs.
d. It also includes people above the age of 59, who are not available for employment,it includes retired population
e. From the figure given in the textbook, 6.5 we can make out that 34.4% of children and 6.9% of aged can be regarded as dependents.
f. Higher the age composition of these groups higher would be the dependency ratio.
a. The age composition impacts the dependency ratio as there are groups who are not producers.
b. These groups include children below the age of 15 who are economically unproductive.
c. They are dependent on the working population for food, clothing, shelter, medical needs.
d. It also includes people above the age of 59, who are not available for employment,it includes retired population
e. From the figure given in the textbook, 6.5 we can make out that 34.4% of children and 6.9% of aged can be regarded as dependents.
f. Higher the age composition of these groups higher would be the dependency ratio.