Elderly refers to persons aged 65 and over. The ratio of the total population to the sum of the old and young population is used to calculate the dependency ratio (OECD, 2022). The ratio of the elderly population to the working-age population (15-64 years) is known as the old-age dependency ratio. Differences in regional classifications and urban-rural community topography within and between countries can affect the comparability of older population data. Older people are often concentrated in a limited number of places within a country, which means that a few places will face a variety of unique social and economic problems due to an aging population (OECD, 2021). These demographic structures have multiple implications for public and private sector spending on pensions, universal health care and education, and broader economic development and welfare. Population proportion is used to measure this indicator. continue…
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