National Transfer Accounts for Turkey (Nazli Sahanogullari)

The purpose of this research is to build aged-based consumption and labor income profiles for the Turkish population following the National Transfer Accounts (NTA) methodology. Turkey’s per capita and aggregate lifecycle deficits and surpluses are obtained for the year 2006. In addition, aggregate lifecycle deficits for future years are presented using United Nations demographic projections. Results show that per capita labor income exceeds consumption between the ages of 29 and 62, implying that the Turkish economic lifecycle has 33 years of surplus.