ECON C175 Lecture Notes - Lecture 6: Dependency Ratio, Demographic Dividend, Demographic Transition
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1. 1 submit a copy of your graph of the dependency ratios from 1947 to 2100. You can put your name on it by using the command. In 2100, the old dependency ratio is much higher than the youth dependency ratio and older people tend to require higher levels of consumption than youth. If the retirement age were to increase then more old people would still be working as compared to the young population who would still be dependent. Thus, it would be easier to support dependents in 2100 than 1947: japan witnessed an incredible economic boom in the latter half of the 20th century. Please explain in no more than 3 sentences, supported by two graphs illustrating the idealized demographic transition, one showing the change in vital rates and the other showing the change in old-age-, youth-, and total- dependency ratios. Please give an estimated number and explain in 1 sentence.
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