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Projected change in dependency ratio depending on labor force participation
– Age dependency is the ratio between people defined as dependents (under-15s and over-65s) and working-age people. – Labor force dependency does not take into account age brackets but instead uses the ratio between those not participating in the workforce to those that are. – High labor force participation assumes a higher share of people participating in the workforce (e.g. beyond the age of 65).
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European Commission and IIASA, 2020
Attribution: Marois et al.
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