SERP-P: Socioeconomic Research Portal for the Philippines

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).

Citations

This publication has been cited time(s).

Racelis, Rachel H., Michael R.M. Abrigo, and J.M. Ian Salas, 2015 "Financing consumption over the lifecycle and overseas workers’ remittances: Findings from the 1999 and 2007 Philippine national transfer accounts" , Elsevier
Racelis, Rachel H. et. al, 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 demographic dividend" , Philippine Institute for Development Studies
Racelis, Rachel H., 2016 "Economic gain, age structure transition, and population groups in the Philippines" , Philippine Institute for Development Studies
Salas, J.M. Ian S., Michael Ralph M. Abrigo, and Rachel H Racelis, 2012 "Philippines 2007 National Transfer Accounts: Consumption, income, and intergenerational reallocation of resources" , Philippine Institute for Development Studies
Racelis, Rachel and J.M. Ian S. Salas, 2008 "A note on defining the dependent population based on age" , East Asian Bureau of Economic Research
Salas, J.M. Ian S. and Rachel H. Racelis, 2008 "A note on defining the dependent population based on age" , Philippine Institute for Development Studies

Contributor

Philippine Institute for Development Studies

Authors

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

Keywords

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

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

Citations