Encyclopedia of Gerontology and Population Aging

Living Edition
| Editors: Danan Gu, Matthew E. Dupre

National Transfer Accounts Project

  • Mun Sim LaiEmail author
  • Gretchen Donehower
Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-69892-2_909-1

Definition

Founded by Ronald Lee and Andrew Mason, the goal of the National Transfer Accounts (NTA) project is to improve the understanding of how population growth and changing age structures influence economic growth, gender and generational equity, public finances, and other important features of the macroeconomy.

Overview

The NTA system is developed based on a fundamental feature of all societies, namely, the economic lifecycle, which posits that individuals go through a lifecycle beginning as children when they consume more than they produce. This reverses with entrance into the working ages and then reverses again with old age and retirement, as presented in Fig. 1. As a result, some age groups need to get resources to finance their consumption, and some age groups have resources they are not consuming. The mismatch is an issue for each individual but also across a population with different numbers of persons in the net-consuming or net-producing age groups. How this mismatch is...
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Notes

Disclaimer

The views expressed in this entry are solely those of the authors and do not necessarily reflect those of the United Nations and University of California at Berkeley.

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Population Division, Department of Economic and Social AffairsUnited NationsNew YorkUSA
  2. 2.Center for the Economics and Demography of Aging, Department of DemographyUniversity of CaliforniaBerkeleyUSA

Section editors and affiliations

  • Danan Gu
    • 1
  • Leilani Feliciano
    • 2
  1. 1.Population Division, Department of Economic and Social AffairsUnited NationsNew YorkUSA
  2. 2.University of Colorado Colorado Springs, Department of PsychologyColorado SpringsUSA