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Centre for Policy on Ageing | |
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Ageing and the economic life cycle
— the National Transfer Accounts approach | | Author(s) | Jeromey B Temple, James M Rice, Peter F McDonald |
| Journal title | Australasian Journal on Ageing, vol 36, no 4, December 2017 |
| Publisher | Wiley, December 2017 |
| Pages | pp 271-278 |
| Source | http://www.wileyonlinelibrary.com/journal/ajag |
| Keywords | Population ; Age groups [elderly] ; Life span ; Labour economics ; Economic status [elderly] ; Income [older people] ; Well being ; Australia ; International ; Cross national surveys. |
| Annotation | The present study aimed to illustrate the use of National Transfer Accounts (NTA) for understanding ageing and the economic life cycle in Australia. The NTA methodology was applied utilising a range of unit record, demographic and administrative data sets from 1981 to 2010. Results of the study showed that during early and later life, total consumption (public and private) was greater than labour income. On a time series and cohort basis, the research showed that each successive generation had improved their level of wellbeing (as measured by consumption) relative to the previous years or previous cohorts from 1981 to 1982 onwards. The study also showed a substantial increase in labour income earned by mature age workers over this period. International comparisons show Australia to have consumption and labour income age profiles very similar to those of Canada but dissimilar to many other countries, driven by differences in demographic and policy settings. The NTA approach provides a powerful framework to track differences in the economic life cycle across age groups, across time, across cohorts and across countries. (JL). |
| Accession Number | CPA-180119215 A |
| Classmark | S3: BB: BG6: WH: F:W: JF: D:F:5HH: 7YA: 72: 3K |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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