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Measuring Economic Lifecycle and Flows across Population Age Groups: Data and Methods in the Application of the NTA in the Philippines

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  • Salas, J.M. Ian S.
  • Racelis, Rachel H.

Abstract

This paper provides an overview of the National Transfer Accounts (NTA) system and then describes the methods and data used in the application of NTA in the Philippines. The NTA system is consistent with the System of National Accounts. It provides methodologies for assigning labor earnings and consumption to population age groups, and for estimating reallocation or transfer of economic resources across age groups. Age reallocations are generally from the working age groups to children and the elderly. Data sources for the estimation of components of the NTA Flow Accounts for the Philippines include National Income Accounts, National Health Accounts, National Education Expenditure Accounts, household income and expenditure surveys, and government finance documents. Some Philippine NTA results are presented as examples, specifically the age profiles of current consumption (C), labor income (YL), and the lifecycle deficit (LCD).

Suggested Citation

  • 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.
  • Handle: RePEc:phd:dpaper:dp_2007-12
    as

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    References listed on IDEAS

    as
    1. Aniceto C. Orbeta, 2006. "Poverty, Vulnerability and Family Size: Evidence from the Philippines," Chapters,in: Poverty Strategies in Asia, chapter 6 Edward Elgar Publishing.
    2. Ruperto P. Alonzo, et al, 2004. "Population and Poverty : The Real Score," UP School of Economics Discussion Papers 200415, University of the Philippines School of Economics.
    3. Orbeta, Aniceto Jr. C., 2002. "Population and Poverty: A Review of the Links, Evidence and Implications for the Philippines," Discussion Papers DP 2002-21, Philippine Institute for Development Studies.
    4. Aniceto C. Orbeta Jr., 2006. "Children and Household Savings in the Philippines," Development Economics Working Papers 22672, East Asian Bureau of Economic Research.
    5. Orbeta, Aniceto Jr. C. & Pernia, Ernesto M., 1999. "Population Growth and Economic Development in the Philippines: What Has Been the Experience and What Must Be Done?," Discussion Papers DP 1999-22, Philippine Institute for Development Studies.
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    Citations

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    Cited by:

    1. Racelis, Rachel H. & Abrigo, Michael Ralph M. & Salas, J.M. Ian S. & Herrin, Alejandro N., 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.
    2. Racelis, Rachel H. & Salas, J.M. Ian S. & Herrin, Alejandro N. & Abrigo, Michael R.M., 2016. "Economic Gain, Age Structure Transition, and Population Groups in the Philippines," Research Paper Series DP 2016-32, Philippine Institute for Development Studies.
    3. Racelis, Rachel H. & Abrigo, Michael Ralph M. & Salas, J.M. Ian S. & Herrin, Alejandro N., 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," Research Paper Series DP 2015-45, Philippine Institute for Development Studies.
    4. repec:eee:joecag:v:5:y:2015:i:c:p:69-78 is not listed on IDEAS
    5. Racelis, Rachel H. & Salas, J.M. Ian S. & Herrin, Alejandro N. & Abrigo, Michael R.M., 2016. "Economic Gain, Age Structure Transition, and Population Groups in the Philippines," Discussion Papers DP 2016-32, 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," Discussion Papers DP 2012-29, Philippine Institute for Development Studies.

    More about this item

    Keywords

    National Transfer Accounts; economic lifecycle; intergenerational transfer; income age profile; consumption age profile; lifecycle deficit;

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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