Skip to main content
    • Aa
    • Aa


  • Hippolyte D’albis (a1) and Dalal Moosa (a2)

This article provides a comprehensive picture of the National Transfer Accounts (NTA), a project that aims at measuring how people produce, consume, save, and share economic resources at every age. It stands today with a unique dataset that includes 47 countries from around the world, permitting a comparative understanding of economic flows within and between generations and over time.

Hide All

The authors thank an anonymous referee and Julien Navaux for insightful and stimulating critique. The usual disclaimer applies. They acknowledge financial support from the European Research Council (ERC Stg Grant DU 283953) and the European Union’s Seventh Framework Programme for research, technological development and demonstration (Grant agreement no 613247). Correspondence to: H. d’Albis, Centre d’économie de la Sorbonne, 106 bd de l’Hôpital, 75013, Paris, France.

Linked references
Hide All

This list contains references from the content that can be linked to their source. For a full set of references and notes please see the PDF or HTML where available.

Andrew B. Abel (2001) Will Bequests Attenuate the Predicted Meltdown in Stock Prices when Baby Boomers Retire? The Review of Economics and Statistics 83 (4), 589595.

Phil Agulnik , Roberto Cardarelli and James Sefton (2000) The Pensions Green Paper: A Generational Accounting perspective. The Economic Journal 110 (467), F598F610.

Marco Albertini , Martin Kohli and Claudia Vogel (2007) Intergenerational Transfers of Time and Money in European Families: Common patterns, different regimes? Journal of European Social Policy 17 (4), 319334.

W. Brian Arthur and Geoffrey McNicoll (1977) Optimal time paths with age-dependence: A theory of population policy. The Review of Economic Studies 44 (1), 111123.

W. Brian Arthur and Geoffrey McNicoll (1978) Samuelson, population and intergenerational transfers. International Economic Review 19 (1), 241246.

Orazio P. Attanasio , Costas Meghir and Ana Santiago (2012) Education choices in Mexico: Using a structural model and a randomized experiment to evaluate Progresa. The Review of Economic Studies 79 (1), 3766.

Alan J. Auerbach , Jagadeesh Gokhale and Laurence J. Kotlikoff (1992) Generational accounting: A new approach to understanding the effects of fiscal policy on saving. The Scandinavian Journal of Economics 94 (2), 303318.

Gary S. Becker (1965) A theory of the allocation of time. The Economic Journal 75 (299), 493517.

B. Douglas Bernheim , Andrei Shleifer and Lawrence H. Summers (1985) The strategic bequest motive. The Journal of Political Economy 93 (6), 10451076.

Robin Brooks (May 2002) Asset-market effects of the baby boom and social-security reform. The American Economic Review (Papers and Proceedings of the One Hundred Fourteenth Annual Meeting of the American Economic Association) 92 (2), 402406.

Martin Browning , Pierre-André Chiappori and Arthur Lewbel (2013) Estimating consumption economies of scale, adult equivalence scales and household bargaining power. The Review of Economic Studies 80 (4), 12671303.

Xavier Chojnicki and Frédéric Docquier (2007) Fiscal policy and educational attainment in the United States: A generational accounting perspective. Economica 74 (294), 329350.

Hippolyte d’Albis (2007) Demographic structure and capital accumulation. Journal of Economic Theory 132 (1), 411434.

Hippolyte d’Albis , Carole Bonnet , Julien Navaux , Jacques Pelletan , Hector Toubon and François-Charles Wolff (2015) The lifecycle deficit in France, 1979–2005. The Journal of the Economics of Ageing 5, 7985.

James B. Davies (1982) The relative impact of inheritance and other factors on economic inequality. The Quarterly Journal of Economics 97 (3), 471498.

David de la Croix and Philippe Michel . (2002) A Theory of Economic Growth, vol. 1. Cambridge, UK: Cambridge University Press.

Angus Deaton and Christina Paxson (1998) Economies of scale, household Size, and the demand for food. Journal of Political Economy 106 (5), 897930.

Harley Frazis and Jay Stewart (2011) How does household production affect measured income inequality? Journal of Population Economics 24 (1), 322.

Seth R. Gitter and Bradford L. Barham (2008) Women’s power, conditional cash transfers, and schooling in Nicaragua. The World Bank Economic Review 22 (2), 271290.

Douglas Gollin (2002) Getting income shares right. Journal of Political Economy 110 (2), 458474.

Reuben Gronau (1980) Home production - a forgotten industry. The Review of Economics and Statistics 62 (3), 408416.

Robert Haveman (1994) Should generational accounts replace public budgets and deficits? Journal of Economic Perspectives 8 (1), 95111.

Christopher House , John Laitner and Dmitriy Stolyarov (2008) Valuing lost home production of dual earner couples. International Economic Review 49 (2), 701736.

Torben Iversen and Frances Rosenbluth (2006) The political economy of gender: Explaining cross-national variation in the gender division of labor and the gender voting gap. American Journal of Political Science 50 (1), 119.

Dudley Kirk (Nov. 1996) Demographic transition theory. Population Studies 50 (3), 361387.

Geoffrey Lancaster , Pushkar Maitra and Ranjan Ray (2006) Endogenous intra-household balance of power and its impact on expenditure patterns: Evidence from India. Economica 73 (291), 435460.

Ronald Lee (1980) Age structure intergenerational transfers and economic growth: An overview. Revue Economique 31 (6), 11291156.

Ronald Lee , Andrew Mason and Members of the NTA Network (2014) Is low Fertility Really a Problem? Population Aging, Dependency, and Consumption. Science 346 (6206), 229234.

Thomas Lindh and Bo Malmberg (1999) Age structure effects and growth in the OECD, 1950–1990. Journal of Population Economics 12 (3), 431449.

Paul L. Menchik (1980) Primogeniture, equal sharing, and the US distribution of wealth. The Quarterly Journal of Economics 94 (2), 299316.

Muttur Ranganathan Narayana (2011) Lifecycle deficit and public age reallocations for India’s elderly population: Evidence and implications based on national transfer accounts. Journal of Population Ageing 4 (4), 207230.

Muttur Ranganathan Narayana (2014) Impact of population ageing on stustainability of India’s current fiscal policies: A generational accounting approach. The Journal of the Economics of Ageing 3, 7183.

Lutfun N. Khan Osmani (2007) A breakthrough in Women’s bargaining power: The impact of microcredit. Journal of International Development 19 (5), 695716.

Concepció Patxot , Ronald Lee and Andrew Mason (2015) Introduction: Special issue on exploring the generational economy. The Journal of the Economics of Ageing 5, 16.

Concepció Patxot , Elisenda Rentería , Miguel Sánchez Romero and Guadalupe Souto . (2012) Measuring the balance of government intervention on forward and backward family transfers using NTA estimates: The modified Lee arrows. International Tax and Public Finance 19 (3), 442461.

Sergio Perelman and P. Pestieau (1992) Inheritance and wealth composition. Journal of Population Economics 5 (4), 305317.

Thomas Piketty (2011) On the long run evolution of inheritance: France 1820–2050. Quarterly Journal of Economics 126 (3), 10711131.

James M. Poterba (2001) Demographic structure and asset returns. The Review of Economics and Statistics 83 (4), 565584.

Alexia Prskawetz and Jože Sambt (Apr. 2014) Economic support ratios and the demographic dividend in Europe. Demographic Research 30, 9631009.

Laura B. Rawlings and G. M. Rubio (2005) Evaluating the impact of conditional cash transfer programs. The World Bank Research Observer 20 (1), 2955.

Paul A. Samuelson (1958) An exact consumption-loan model of interest with or without the social contrivance of money. Journal of Political Economy 66 (6), 467482.

Miguel Sánchez-Romero , Concepció Patxot , Elisenda Rentería and Guadalupe Souto (2013) On the effects of public and private transfers on capital accumulation: Some lessons from the NTA aggregates. Journal of Population Economics 26 (4), 14091430.

T. Paul Schultz (2004) School subsidies for the poor: Evaluating the Mexican Progresa poverty program. Journal of development Economics 74 (1), 199250.

T. Paul Schultz (2009) The gender and intergenerational consequences of the demographic dividend: An assessment of the micro-and macrolinkages between the demographic transition and economic development. The World Bank Economic Review 23 (3), 427442.

Warren Thompson (1929) Recent trends in world population. American Journal of Sociology 34 (6), 959975.

Philippe Weil (2008) Overlapping generations: The first jubilee. Journal of Economic Perspectives 22 (4), 115134.

Menahen E. Yaari (1965) Uncertain lifetime, life insurance, and the theory of the consumer. The Review of Economic Studies 32 (2), 137150.

Emilio Zagheni and Marina Zannella (2013) The life cycle dimension of time transfers in Europe. Demographic Research 29, 937.

Cathleen D. Zick , W. Keith Bryant and Sivithee Srisukhumbowornchai (2008) Does housework matter anymore? The shifting impact of housework on economic inequality. Review of Economics of the Household 6 (1), 128.

Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

Journal of Demographic Economics
  • ISSN: 2054-0892
  • EISSN: 2054-0906
  • URL: /core/journals/journal-of-demographic-economics
Please enter your name
Please enter a valid email address
Who would you like to send this to? *



Full text views

Total number of HTML views: 3
Total number of PDF views: 69 *
Loading metrics...

Abstract views

Total abstract views: 266 *
Loading metrics...

* Views captured on Cambridge Core between September 2016 - 26th July 2017. This data will be updated every 24 hours.