Economic dependency ratio
|Updated: 17.12.2013 - Next update: 21.3.2014|
Sixteen per cent of baby boomers at work in 2012
According to preliminary data from Statistics Finland's employment statistics for the year 2012, 19.6 per cent of all employed persons were aged 55 to 74. The age distribution of employed persons has centred on older age groups particularly since the early years of the 2000s along with baby boom generations. In 2012, those in the baby boom generation were aged between 63 and 67. Around 62,000 of them, or 16 per cent, were still employed.
Statistics Finland / Employment
Description of indicator
Population structure is measured with the so-called economic dependency ratio which gives the numbers of persons unemployed or outside the labour force per one employed persons.
The employed labour force comprises all persons between 18-74 who were employed during the reference week and were neither registered as unemployed jobseekers at the labour exhange office nor undergoing military or non-military service.
The unemployed labour force comprises persons aged 15-74 who were unemployed on the last working day of the year. Data on unemployment are obtained from the Ministry of Labour's register on job applicants.
Persons outside the labour force: 0-14-year-olds, students, pupils, pensioners, conscripts, conscientious objectors and others outside the labour force.
A student or a pupil is a person over 15 who is studying full-time in an educational institution and is neither gainfully employed nor unemployed.
Pensioners comprise all persons who according to the data of the Social Insurance Institution or the Centre for Pensions receive a pension (excl. those receiving family pension or part-time pension) and are not gainfully employed. All persons over 74 are also classified as pensioners. In addition, some persons have been classified as pensioners on the basis of pension income.