Table 3.
Derived indicators | Definitions | Forecast changes |
Old age dependency ratio (OADR) | Ratios of older populations to working age populations | Serious increase in ratios in future Shifts upwards in threshold ages for retirement |
Labor force dependency ratio (LFDR) | Ratio of older retired population to employed population at all ages or ratio of inactive population to active population at all ages | Increase in ratios diminishes Older population needs support to continue working |
Productivity weighted labor force dependency ratio (PWLFDR) | Ratio of inactive population (all ages) to active population (all ages), weighted by productivity for education grade | This measure remains relatively constant for 2020−2070 in China |