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Introducing age into national accounts

In: Population Aging and the Generational Economy

Author

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  • Andrew Mason
  • Ronald Lee

Abstract

Over coming decades, changes in population age structure will have profound implications for the macroeconomy, influencing economic growth, generational equity, human capital, saving and investment, and the sustainability of public and private transfer systems. How the future unfolds will depend on key actors in the generational economy: governments, families, financial institutions, and others. This path-breaking book provides a comprehensive analysis of the macroeconomic effects of changes in population age structure across the globe.

Suggested Citation

  • Andrew Mason & Ronald Lee, 2011. "Introducing age into national accounts," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 3, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13816_3
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    References listed on IDEAS

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    1. Douglas Gollin, 2002. "Getting Income Shares Right," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April.
    2. David A. Wise, 2009. "Developments in the Economics of Aging," NBER Books, National Bureau of Economic Research, Inc, number wise09-1, March.
    3. Andrew Mason & Ronald Lee & An-Chi Tung & Mun-Sim Lai & Tim Miller, 2009. "Population Aging and Intergenerational Transfers: Introducing Age into National Accounts," NBER Chapters, in: Developments in the Economics of Aging, pages 89-122, National Bureau of Economic Research, Inc.
    4. Ronald Lee & Andrew Mason (ed.), 2011. "Population Aging and the Generational Economy," Books, Edward Elgar Publishing, number 13816.
    5. Mitchell, Olivia S. & Piggott, John & Kumru, Cagri, 2008. "Managing public investment funds: best practices and new questions," Journal of Pension Economics and Finance, Cambridge University Press, vol. 7(3), pages 321-356, November.
    6. Naohiro Ogawa & Andrew Mason & Amonthep Chawla & Rikiya Matsukura, 2010. "Japan's Unprecedented Aging and Changing Intergenerational Transfers," NBER Chapters, in: The Economic Consequences of Demographic Change in East Asia, pages 131-160, National Bureau of Economic Research, Inc.
    7. Ronald Lee, 1980. "Age Structure, Intergenerational Transfers and Economic Growth : an Overview," Revue Économique, Programme National Persée, vol. 31(6), pages 1129-1156.
    8. Olivia S. Mitchell & John Piggott & Cagri Kumru, 2008. "Managing Public Investment Funds: Best Practices and New Challenges," NBER Working Papers 14078, National Bureau of Economic Research, Inc.
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    Cited by:

    1. James Mahmud Rice & Jeromey B. Temple & Peter F. McDonald, 2021. "Intergenerational inequality and the intergenerational state," Journal of Population Research, Springer, vol. 38(4), pages 367-399, December.
    2. Torben M. Andersen & Joydeep Bhattacharya, 2017. "The Intergenerational Welfare State and the Rise and Fall of Pay‐as‐you‐go Pensions," Economic Journal, Royal Economic Society, vol. 127(602), pages 896-923, June.
    3. Muttur Ranganathan, Narayana, 2016. "Will a Universal Health Coverage Policy be fiscally sustainable for India? New evidence and implications," MPRA Paper 69668, University Library of Munich, Germany.
    4. Wang, Feng & Shen, Ke & Cai, Yong, 2019. "Expansion of public transfers in China: Who are the beneficiaries?," The Journal of the Economics of Ageing, Elsevier, vol. 14(C).
    5. Hippolyte d'Albis & Carole Bonnet & Xavier Chojnicki & Najat El Mekkaoui & Angela Greulich & Jérôme Hubert & Julien Navaux, 2019. "Financing the Consumption of the Young and Old in France," Population and Development Review, The Population Council, Inc., vol. 45(1), pages 103-132, March.
    6. Gál, Róbert I. & Szabó, Endre & Vargha, Lili, 2015. "The age-profile of invisible transfers: The true size of asymmetry in inter-age reallocations," The Journal of the Economics of Ageing, Elsevier, vol. 5(C), pages 98-104.
    7. Gál, Róbert Iván & Szabó, Endre & Vargha, Lili, 2015. "A láthatatlan transzferek korprofilja. Az aszimmetria valódi mértéke a korosztályok közötti erőforrás-átcsoportosítás rendszerében [The age profile of invisible transfers: the true degree of asymme," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 621-637.
    8. Vaittinen, Risto & Vanne, Reijo, 2020. "Finland’s slow recovery from the financial crisis: A demographic explanation," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    9. Morne Oosthuizen & Kezia Lilenstein, 2018. "Counting Women’s Work in Mauritius: Household Production across the Lifecycle in 2003," Working Papers cwwwp7, University of Cape Town, Development Policy Research Unit.
    10. Risto Vaittinen & Jouko Kinnunen & Sanna Tenhunen, 2017. "Relative importance of fertility and mortality in the economic impacts of ageing in Finland," EcoMod2017 10392, EcoMod.
    11. Narayana, M.R., 2014. "Impact of population ageing on sustainability of India’s current fiscal policies: A Generational Accounting approach," The Journal of the Economics of Ageing, Elsevier, vol. 3(C), pages 71-83.
    12. Morne Oosthuizen, 2018. "Counting Women’s Work in South Africa: Incorporating Unpaid Work into Estimates of the Economic Lifecycle in 2010," Working Papers cwwwp8, University of Cape Town, Development Policy Research Unit.
    13. Morne Oosthuizen, 2018. "Counting Women's Work in South Africa: Estimates of Household Production across the Lifecycle in 2000," Working Papers cwwwp6, University of Cape Town, Development Policy Research Unit.
    14. Cai, Yong & Wang, Feng & Li, Ding & Wu, Xiwei & Shen, Ke, 2014. "China’s age of abundance: When might it run out?," The Journal of the Economics of Ageing, Elsevier, vol. 4(C), pages 90-97.
    15. Muttur Ranganathan Narayana, 2016. "India’s Proposed Universal Health Coverage Policy: Evidence for Age Structure Transition Effect and Fiscal Sustainability," Applied Health Economics and Health Policy, Springer, vol. 14(6), pages 673-690, December.
    16. Shen, Ke & Wang, Feng & Cai, Yong, 2016. "Patterns of inequalities in public transfers by gender in China," The Journal of the Economics of Ageing, Elsevier, vol. 8(C), pages 76-84.
    17. M. Narayana, 2015. "India’s Age Structure Transition, Sectoral Labor Productivities, and Economic Growth: Evidence and Implications Based on National Transfer Accounts," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 34(3), pages 381-415, June.
    18. Mejía-Guevara, Iván, 2015. "Economic inequality and intergenerational transfers: Evidence from Mexico," The Journal of the Economics of Ageing, Elsevier, vol. 5(C), pages 23-32.

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