IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_2012-32.html
   My bibliography  Save this paper

Philippines 2007 National Transfer Accounts: Consumption, Labor Income, and Lifecycle Deficit by Income Group

Author

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

Abstract

The NTA flow accounts for the Philippines for the year 2007 include not only national level estimates but also estimates by income group. Three income groups are defined, referred to as income terciles. This paper compares age profiles of consumption and labor income across income groups. The age profiles were generally found to have the expected shapes but the profiles also showed the progressively lower per capita consumption and labor income at each age as one moves from the top tercile and on to the middle and bottom terciles.Other key findings include: (1) the young incur lifecycle deficit longer in the bottom tercile (age 30 years) compared to the middle and top terciles (ages 26 and 24 years, respectively); (2) the elderly incur lifecycle deficit earlier in the bottom tercile (age 53 years) compared to the middle and top terciles (ages 56 and 59 years, respectively); (3) the young deficit age groups account for 66, 57, and 42 percent of aggregate consumption in the bottom, middle, and top income terciles, respectively; (4) the spans of the surplus ages are shorter for the bottom and middle terciles (22 and 29 years, respectively) compared to that for the top tercile (34 years); (5) the elderly deficit age groups account for 8, 9, and 11 percent of aggregate consumption in the bottom, middle, and top income terciles, respectively; (6) the ratio of the surplus generated by the working age group to the total lifecycle deficits of the dependent populations were computed to be 9, 22, and 41 percent for the bottom, middle, and top income terciles, respectively.

Suggested Citation

  • Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2012. "Philippines 2007 National Transfer Accounts: Consumption, Labor Income, and Lifecycle Deficit by Income Group," Discussion Papers DP 2012-32, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2012-32
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/philippines-2007-national-transfer-accounts-consumption-labor-income-and-lifecycle-deficit-by-income-group
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ronald Lee & Sang-Hyop Lee & Andrew Mason, 2006. "Charting the Economic Life Cycle," NBER Working Papers 12379, National Bureau of Economic Research, Inc.
    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. Ronald Lee & Andrew Mason (ed.), 2011. "Population Aging and the Generational Economy," Books, Edward Elgar Publishing, number 13816.
    5. Rachel H. Racelis & J.M Ian S. Salas, 2007. "Measuring Economic Lifecycle and Flows across Population Age Groups : Data and Methods in the Application of the NTA in the Philippines," Development Economics Working Papers 22682, East Asian Bureau of Economic Research.
    6. 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.
    7. 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.
    8. 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.
    9. Rachel H. Racelis & J. M. Ian Salas, 2011. "Changes in patterns of Philippine lifecycle consumption and labor income between 1994 and 2002," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 18, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2012. "Implications of Philippine Trends in Education Financing and Projected Change in School-age Population on Education Expenditures by Income Group: Using National Transfer Accounts Results," Discussion Papers DP 2012-34, Philippine Institute for Development Studies.
    3. Herrin, Alejandro N. & Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2016. "Economic Gain, Age Structure Transition, and Population Groups in the Philippines," Discussion Papers DP 2016-32, Philippine Institute for Development Studies.
    4. Racelis, Rachel H. & Abrigo, Michael Ralph M. & Salas, J.M. Ian S. & Herrin, Alejandro N., 2016. "Consumption, Labor Income, and Lifecycle Deficit by Urban-Rural Residence and by Income Group: Philippines NTA 1991, 1999, and 2011," Research Paper Series DP 2016-31, Philippine Institute for Development Studies.
    5. Herrin, Alejandro N. & Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2016. "Consumption, Labor Income, and Lifecycle Deficit by Urban-Rural Residence and by Income Group: Philippines NTA 1991, 1999, and 2011," Discussion Papers DP 2016-31, Philippine Institute for Development Studies.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. 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.
    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. Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2014. "Comparing the 1999 and 2007 Philippine NTA Estimates and Examining the Effects of a Definitional Change of Overseas Workers` Remittances," Discussion Papers DP 2014-24, Philippine Institute for Development Studies.
    5. Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2012. "Implications of Projected Philippine Population Growth, Age Structure Change, and Aging: Using National Transfer Accounts Results," Discussion Papers DP 2012-30, 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.
    7. 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.
    8. Racelis, Rachel H. & Abrigo, Michael Ralph M. & Salas, J.M. Ian S. & Herrin, Alejandro N., 2016. "Consumption, Labor Income, and Lifecycle Deficit by Urban-Rural Residence and by Income Group: Philippines NTA 1991, 1999, and 2011," Research Paper Series DP 2016-31, Philippine Institute for Development Studies.
    9. Herrin, Alejandro N. & Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2016. "Economic Gain, Age Structure Transition, and Population Groups in the Philippines," Discussion Papers DP 2016-32, Philippine Institute for Development Studies.
    10. 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.
    11. Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2012. "Filipino Elderly Living Arrangements, Work Activity, and Labor Income as Old-age Support," Discussion Papers DP 2012-31, Philippine Institute for Development Studies.
    12. Herrin, Alejandro N. & Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Racelis, Rachel H., 2016. "Consumption, Labor Income, and Lifecycle Deficit by Urban-Rural Residence and by Income Group: Philippines NTA 1991, 1999, and 2011," Discussion Papers DP 2016-31, Philippine Institute for Development Studies.
    13. 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.
    14. Elke Loichinger & Bernhard Hammer & Alexia Prskawetz & Michael Freiberger & Joze Sambt, 2017. "Quantifying Economic Dependency," European Journal of Population, Springer;European Association for Population Studies, vol. 33(3), pages 351-380, July.
    15. 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.
    16. Hal Caswell & Fanny Annemarie Kluge, 2015. "Demography and the statistics of lifetime economic transfers under individual stochasticity," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 32(19), pages 563-588.
    17. 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.
    18. Barik, Debasis & Desai, Sonalde & Vanneman, Reeve, 2018. "Economic Status and Adult Mortality in India: Is the Relationship Sensitive to Choice of Indicators?," World Development, Elsevier, vol. 103(C), pages 176-187.
    19. Renaud Bourlès & Yann Bramoullé & Eduardo Perez‐Richet, 2017. "Altruism in Networks," Econometrica, Econometric Society, vol. 85, pages 675-689, March.
    20. Huang, Wei & Zhou, Yi, 2013. "Effects of education on cognition at older ages: Evidence from China's Great Famine," Social Science & Medicine, Elsevier, vol. 98(C), pages 54-62.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2012-32. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.