Population Aging and Intergenerational Transfers: Introducing Age into National Accounts

52 Pages Posted: 23 Dec 2006 Last revised: 25 May 2022

See all articles by Andrew W. Mason

Andrew W. Mason

University of Hawaii at Manoa; East-West Center - Research Program

Ronald D. Lee

University of California, Berkeley - Department of Demography; National Bureau of Economic Research (NBER)

An‐Chi Tung

Academia Sinica - Institute of Economics

Mun-Sim Lai

affiliation not provided to SSRN

Timothy Miller

University of California, Berkeley - Department of Demography

Date Written: December 2006

Abstract

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.

Suggested Citation

Mason, Andrew W. and Lee, Ronald D. and Tung, An-Chi and Lai, Mun-Sim and Miller, Timothy, Population Aging and Intergenerational Transfers: Introducing Age into National Accounts (December 2006). NBER Working Paper No. w12770, Available at SSRN: https://ssrn.com/abstract=953194

Andrew W. Mason

University of Hawaii at Manoa ( email )

Honolulu, HI 96822
United States

East-West Center - Research Program ( email )

1601 East-West Road
Honolulu, HI 96848
United States

Ronald D. Lee (Contact Author)

University of California, Berkeley - Department of Demography ( email )

2232 Piedmont Avenue
Berkeley, CA 94720-2120
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

An-Chi Tung

Academia Sinica - Institute of Economics ( email )

128 Academia Road, Section 2
Nankang
Taipei, 11529
Taiwan

Mun-Sim Lai

affiliation not provided to SSRN

No Address Available

Timothy Miller

University of California, Berkeley - Department of Demography ( email )

2232 Piedmont Avenue
Berkeley, CA 94720-2120
United States

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