Wednesday, 13 April 2016

The Straits Times

In today’s edition of The Straits Times, there was an article contribution by Associate Professor Tilak Abeysinghe from the Department of Economics at the NUS Faculty of Arts and Social Sciences. Assoc Prof Abeysinghe, who is also the Director of the Department’s Singapore Centre for Applied and Policy Economics, discussed the old-age dependency ratio (ODR), one of the simplest measures commonly used to assess the burden of the elderly. He noted that the elderly’s savings can change the outlook for our ageing population, and shared about the savings-adjusted ODR he developed, which requires an adjustment to the conventional demographic ratio to account for savings available to the elderly.

Click here to read the article.