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National Transfer Accounts Project
HomeAbout NTAMethodologyNTA CountriesPublicationsMeetings and Presentations- External LinksCEDAEast-West CenterUN ECLAC NTANUPRIAERC- Contact Us | National Transfer AccountsNational Transfer Accounts (NTA) is a system for measuring economic flows across age at the aggregate level in a manner consistent with National Income and Product Accounts. These flows arise primarily because of a fundamental feature of the economic lifecycle: children and the elderly consume more than they produce through their labor. NTA provides estimates of the components of the economic lifecycle and the interage flows that inevitably arise. The accounts distinguish the economic form of flows, transfers and asset-based flows and the institutions that mediate the flows, government and private institutions – most importantly the family. When complete National Transfer Accounts will provide estimates with sufficient historical depth to study the evolution of intergenerational transfer systems; the consequences of alternative approaches to age reallocations embodied in public policy with respect to pensions, health care, education and social institutions, e.g., the extended family; and the social, political, and economic implications of population aging. What's NewSummary of Results Per capita age profiles of the life cycle deficit (LCD) for selected African countries. LCD is defined as the difference between consumption and labor income at each age. Lifecycle deficits occur when labor income is less than consumption and lifecycle surpluses when labor income exceeds consumption.
For the rest of NTA countries, go to Selected Preliminary Results Argentina Joins the NTA Project We welcome Dr. Rafael Rofman (Buenos Aires Office of the World Bank), Dr. Jorge Paz (Instituto de Estudios Laborales y del Desarrollo Economico- Labor Studies and Economic Development Institute, the National University of Salta), and Dr. Pablo Comelatto (Centro de Estudios de Poblacion) to the NTA Project. They will work on constructing the NTA for Argentina. United Kingdom Joins the NTA Project We welcome Dr. David McCarthy and Dr. James Sefton, both of Imperial College Business School, London, to the NTA Project. They will work on constructing the NTA for the United Kingdom. Upcoming Meetings Recent Events Latin American NTA Seminar on Population Aging, Intergenerational Transfers, and Social Protection. AERC-CEDA-EWC NTA Training Workshop, Marrakesh, Morocco, September 27 - October 3, 2009 Cedeplar-UFMG Seminar on Intergenerational Aspects of Social Policy in Brazil, September 22, 2009 On July 14-15, several NTA researchers gave presentations in "Demographic Change and Social Policy – A Latin American Countries Regional Study Authors Workshop." The workshop was hosted by the World Bank. See the agenda: WB_LAC_agenda. Costa Rican NTA Seminar on "Intergenerational Equity: Economic Policy Challenges in the Face of Population Aging", San Jose, Costa Rica, June 23, 2009 Uruguayan NTA Seminar on "Intergenerational Transfers, Population Aging, and Social Protection", Montevideo, Uruguay, May 21, 2009 African NTA Workshop on Shaping Social Protection in Africa: the National Transfer Accounts Approach, Mombasa, Kenya, May 13-27, 2009
The workshop was held at the Center for the Economics and Demography of Aging, University of California - Berkeley and was co-sponsored by the East-West Center and the Nihon University Population Research Institute. NTA researchers from 28 countries participated as well as distinguished economists working on aging and economics issues. The meeting was followed by a one-week intensive training program. For more information see Meetings and Presentations Recent Publications Racelis, Rachel H., and J.M. Ian Salas. 2008. "Have Lifecycle Consumption and Income Patterns in the Philippines Changed between 1994 and 2002?" PIDS Discussion Paper No. 2008-11. This paper finds that Filipinos incur lifecycle deficits and do not become self-sufficient until after age 25, lifecycle surpluses are generated for the next 35 years, and at age 61 consumption starts to exceed labor earnings and lifecycle deficits are once again incurred. Consumption of the elderly is financed by own earnings, asset reallocation, private transfers (starting age 73) and to a very small extent by public transfers (starting age 80). In the NewsNTA-related news in the media
Members and OrganizationSupport for this project has been provided by the National Institute on Aging: NIA, R37-AG025488 and NIA, R01-AG025247; the John D. and Catherine T. MacArthur Foundation; the International Development Research Center (IDRC); the United Nations Population Fund (UNFPA); and the Academic Frontier Project for Private Universities: matching fund subsidy from MEXT (Ministry of Education, Culture, Sports, Science and Technology), 2006-10, granted to the Nihon University Population Research Institute. The website was developed and is maintained by SchemeArts. |
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