What does OADR mean in UNCLASSIFIED
Old Age Dependency Ratio (OADR) is a population statistic that measures the number of persons aged 65 and over in relation to the working-age population, 15-64 years old. OADR is used as an indicator of the overall health and sustainability of a nation's economy.
OADR meaning in Unclassified in Miscellaneous
OADR mostly used in an acronym Unclassified in Category Miscellaneous that means Old Age Dependency Ratio
Shorthand: OADR,
Full Form: Old Age Dependency Ratio
For more information of "Old Age Dependency Ratio", see the section below.
Essential Questions and Answers on Old Age Dependency Ratio in "MISCELLANEOUS»UNFILED"
What does OADR measure?
Old Age Dependency Ratio (OADR) measures the number of persons aged 65 and over in relation to the working-age population, 15-64 years old.
How is OADR used?
OADR is used as an indicator of the overall health and sustainability of a nation's economy.
What are some of the implications of changes in OADR?
An increase in OADR can indicate declining economic health due to an aging workforce or slower fertility rates, while a decrease in OADR can suggest increased economic prosperity caused by increased productivity within a workforce or improved fertility rates.
Who uses information about OADR?
Government bodies, economists, demographers, sociologists, healthcare professionals are some who study information about OADR. These individuals may use this data when making decisions about public policy related to employment practices, taxation reform, social security benefits, etc.
Is there any other terminology related to Old Age Dependency Ratio?
Yes. Other terms related to Old Age Dependency Ratio include Elderly Support Ratio (ESR), which represents the ratio between those people elderly age 65+ and those of younger ages; Older Support Rate (OS Rate), which measures the dependence on those over age 65+ compared with those under age 15; and Young Age Dependency Ratio (YDR), which evaluates the ratio between younger ages under 15 with respect to those older than 64 years old.
Final Words:
Overall, Old Age Dependency Ratio (OADR) is a key population statistic that provides insight into changes in economic stability as well as other factors such as fertility rates within a nation's population. By examining information regarding this ratio demographers, economists and other experts can gain valuable insight into how best to plan for economic stability in their respective countries or regions.
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