EconPapers    
Economics at your fingertips  
 

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

John Michael Ian Salas, Michael Ralph Abrigo and Rachel H. Racelis

No DP 2012-33, Discussion Papers from Philippine Institute for Development Studies

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 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.

Keywords: Philippines; National Transfer Accounts; lifecycle deficit; consumption by income group; lifecycle deficit by income group; finance of consumption by income group (search for similar items in EconPapers)
Pages: 18
Date: 2012
New Economics Papers: this item is included in nep-age
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
https://serp-p.pids.gov.ph/serp-p/download.php?d=5109&s=3 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:phd:dpaper:dp_2012-33

Access Statistics for this paper

More papers in Discussion Papers from Philippine Institute for Development Studies Contact information at EDIRC.
Bibliographic data for series maintained by Aniceto Orbeta ().

 
Page updated 2020-07-28
Handle: RePEc:phd:dpaper:dp_2012-33