Philippines 2007 National Transfer Accounts: Financing Consumption and Lifecycle Deficit by Income Group
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 examines the financing of consumption by income group. One source of financing is own labor income. But for age groups whose labor income is not sufficient to cover their consumption, mainly the young and elderly, the difference or the lifecycle deficit is financed by resources reallocated between age groups. The income groups differ in the manner the lifecycle deficits are financed. Some key findings include: (1) for the young dependent age group deficit is financed by public alongside private transfers for the bottom tercile while it is almost entirely private transfers for the top tercile; (2) for the young elderly (under 79 years old) financing of deficit is by asset reallocation and a small proportion by public transfers for the bottom and middle terciles, and by asset reallocation and private transfers for the top tercile; and (3) for the older elderly (age 79 or older) deficit is financed by public transfers (small proportion), private transfers, and asset reallocation for the bottom and middle terciles, and by private transfers and asset reallocation for the top tercile.
|Date of creation:||2012|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.pids.gov.ph/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rachel H. Racelis & J.M. Ian Salas, 2008.
"Have Lifecycle Consumption and Income Patterns in the Philippines Changed between 1994 and 2002?,"
Development Economics Working Papers
22683, East Asian Bureau of Economic Research.
- 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.
- Ronald Lee & Sang-Hyop Lee & Andrew Mason, 2006. "Charting the Economic Life Cycle," NBER Working Papers 12379, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2012-33. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Aniceto Orbeta)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.