Editing Pension (section)

==== Dependency ratio ====
A growing challenge for pay-as-you-go pensions is the [[dependency ratio]].<ref name="i599">{{cite journal | last=Hyndman | first=Rob J. | last2=Zeng | first2=Yijun | last3=Shang | first3=Han Lin | title=Forecasting the old‐age dependency ratio to determine a sustainable pension age | journal=Australian & New Zealand Journal of Statistics | volume=63 | issue=2 | date=2021 | issn=1369-1473 | doi=10.1111/anzs.12330 | doi-access=free | pages=241–256 | url=https://figshare.com/articles/journal_contribution/Forecasting_the_Old-Age_Dependency_Ratio_to_Determine_a_Sustainable_Pension_Age/21529356/1/files/38163588.pdf | access-date=19 January 2025}}</ref> As [[List of countries by total fertility rate|birth rates in most countries drop]] and [[life expectancy]] increases, an ever-larger portion of the [[Population ageing|population is elderly]]. This leaves fewer workers for each retired person. In many developed countries this means that government and [[public sector]] pensions could potentially be a drag on their economies unless pension benefits are reduced or pension contribution are increased. Higher [[Dependency ratio#Old-age dependency ratio|old-age dependency ratio]] can result in a [[pensions crisis]].<ref name="l812"/>