Question

Which of the following statements accurately describe the Old-Age Dependency Ratio (OADR)?

1. The Old-Age Dependency Ratio (OADR) represents the number of individuals aged 65 and above for every 100 people in the working-age group (20-64 years).
2. OADR is a measure used to track shifts in the demographic composition of a population.
3. A decreasing trend in OADR indicates a growing proportion of elderly individuals relative to the working-age population.
4. OADR is solely concerned with the number of people below the age of 20.

• A. 1, 2
• B. 2 only
• C. 1, 4
• D. All

Answer 1

Answer:

A. 1, 2

• The Old-Age Dependency Ratio (OADR) is a demographic indicator that measures the proportion of the elderly population (typically defined as those aged 65 and over) relative to the working-age population (usually between 20 and 64 years old).

• It is calculated as the number of elderly persons per 100 working-age individuals.

• This ratio is crucial for understanding the potential burden on the working population to support the elderly and for planning social security, healthcare, and pension systems.

• An increasing OADR signifies a growing elderly population and a potential challenge for economic and social structures.