Population Aging and Intergenerational Transfers: Introducing Age into National Accounts / Andrew Mason, Ronald Lee, An-Chi Tung, Mun-Sim Lai, Tim Miller.

Format:

Book

Author/Creator:

Mason, Andrew.

Contributor:

National Bureau of Economic Research.

Lee, Ronald.

Tung, An-Chi.

Lai, Mun-Sim.

Miller, Tim.

Series:

Working Paper Series (National Bureau of Economic Research) no. w12770.

NBER working paper series no. w12770

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Population Aging and Intergenerational Transfers

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2006.

Summary:

In all societies intergenerational transfers are large and have an important influence on inequality and growth. The development of each generation of youth depends on the resources that it receives from productive members of society for health, education, and sustenance. The well-being of the elderly depends on familial support and a variety of social programs. The National Transfer Accounts (NTA) system provides a comprehensive approach to measuring all reallocations of income across age and time at the aggregate level. It encompasses reallocations achieved through capital accumulation and transfers, distinguishing those mediated by public institutions from those relying on private institutions. This paper introduces the methodology and presents preliminary results emphasizing economic support systems in Taiwan and the United States. As the two economies differ in their demographic configuration, their level of development, and their old-age support systems, comparing them will shed light on the economic implications of population aging under alternative institutional arrangements.

Notes:

Print version record

December 2006.