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Philippines 2011 National Transfer Accounts Estimates of Consumption and Labor Income Age Profiles: Discussions on the 1991-2011 Age Profile Change and Implications on Economic Gains from the First Demographic Dividend

Author

Listed:
  • Herrin, Alejandro N.
  • Salas, J.M. Ian S.
  • Abrigo, Michael Ralph M.
  • Racelis, Rachel H.

Abstract

This paper has two parts. The first part presents and discusses the 2011 Philippine National Transfer Accounts (NTA) estimates for selected flow accounts components, the most recent estimates available for the country, and compares the 2011 to the 1991 and 1999 estimates. The second part, also covering the years 1991, 1999, and 2011, examines change in Philippine population age structure, discusses economic gains from population change and the implications of economic lifecycle change on the economic gain. In the first part, more recent information about the economic lifecycle of Filipinos is provided from the 2011 NTA: age profiles of consumption and labor income (and their components) for the year 2011, and which population age groups incurred lifecycle deficit and the sizes of the aggregate deficits. The 2011 Philippine NTA national level estimates for per capita consumption and labor income age profiles are also compared to corresponding components of the 1991 and 1999 NTA estimates to determine the general directions and relative sizes of change over time.In the second part of the paper, findings about the per capita age profiles from the first part are used. The changes in the age structure of the Philippine population over the three years are also examined in the second part. There is potential for economic gain resulting from population change, more specifically from an increasing proportion of the population in the working ages--the phenomenon often referred to as the first demographic dividend. The effects of change in the population age structure and change in the economic lifecycle on economic gain are examined in the second part of the paper in two ways: using aggregate flows estimates of the NTA for the three years and using economic support ratios as defined in the NTA also computed for the three years.

Suggested Citation

  • Herrin, Alejandro N. & Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2015. "Philippines 2011 National Transfer Accounts Estimates of Consumption and Labor Income Age Profiles: Discussions on the 1991-2011 Age Profile Change and Implications on Economic Gains from the First De," Discussion Papers DP 2015-45, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2015-45
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    References listed on IDEAS

    as
    1. Racelis, Rachel H. & Abrigo, Michael R.M. & Salas, J.M. Ian, 2015. "Financing consumption over the lifecycle and overseas workers’ remittances: Findings from the 1999 and 2007 Philippine National Transfer Accounts," The Journal of the Economics of Ageing, Elsevier, vol. 5(C), pages 69-78.
    2. Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2012. "Philippines 2007 National Transfer Accounts: Consumption, Income, and Intergenerational Reallocation of Resources," Discussion Papers DP 2012-29, Philippine Institute for Development Studies.
    3. Salas, J.M. Ian S. & Racelis, Rachel H., 2008. "Consumption, Income, and Intergenerational Reallocation of Resources: Application of NTA in the Philippines, 1999," Discussion Papers DP 2008-12, Philippine Institute for Development Studies.
    4. Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2012. "Philippines 2007 National Transfer Accounts: Financing Consumption and Lifecycle Deficit by Income Group," Discussion Papers DP 2012-33, Philippine Institute for Development Studies.
    5. Salas, J.M. Ian S. & Racelis, Rachel H., 2007. "Measuring Economic Lifecycle and Flows across Population Age Groups: Data and Methods in the Application of the NTA in the Philippines," Discussion Papers DP 2007-12, Philippine Institute for Development Studies.
    6. Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2012. "Philippines 2007 National Transfer Accounts: Consumption, Income, and Intergenerational Reallocation of Resources - Revised Estimates," Discussion Papers DP 2012-35, Philippine Institute for Development Studies.
    7. Salas, J.M. Ian S. & Racelis, Rachel H., 2008. "Have Lifecycle Consumption and Income Patterns in the Philippines Changed between 1994 and 2002?," Discussion Papers DP 2008-11, Philippine Institute for Development Studies.
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    Cited by:

    1. Abrigo, Michael R.M. & Racelis, Rachel H. & Salas, J.M. Ian & Herrin, Alejandro N., 2016. "Decomposing economic gains from population age structure transition in the Philippines," The Journal of the Economics of Ageing, Elsevier, vol. 8(C), pages 19-27.

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