National Transfer Accounts (NTA) in Japan: 1984−2014

Taiyo Fukai; Setsuya Fukuda; Hidehiko Ichimura; Daigo Nakata; Itaru Sato; Kazuyuki Terada

doi:10.1007/s42973-024-00175-4

National Transfer Accounts (NTA) in Japan: 1984−2014

Taiyo Fukai, Setsuya Fukuda, Hidehiko Ichimura, Daigo Nakata, Itaru Sato, Kazuyuki Terada

Economics

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1 Scopus citations

Abstract

We developed standardized methods that allow for computing National Transfer Accounts (NTA) statistics consistently from 1984 to 2014 and applied this uniform approach to analyze the evolution of three NTA accounts. By detailing our computation methods, we ensure that the results can be replicated, providing a consistent basis for discussion using NTA. Our analysis revealed that the 23–39 age group experienced the slowest consumption growth since 2004, despite having higher labor income growth compared to other age groups. This discrepancy is attributed to a greater public transfer burden on this age group. This finding offers a new perspective on the potential causes of declining marriage and fertility rates in Japan. Additionally, we discuss potential improvements to the NTA estimation methods and framework.

Original language	English (US)
Pages (from-to)	779-821
Number of pages	43
Journal	Japanese Economic Review
Volume	75
Issue number	4
DOIs	https://doi.org/10.1007/s42973-024-00175-4
State	Published - Dec 2024

Keywords

Fertility
Intergenerational equity
Marriage
National Transfer Accounts
Social security
Tax burden

ASJC Scopus subject areas

Economics and Econometrics

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10.1007/s42973-024-00175-4

Cite this

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abstract = "We developed standardized methods that allow for computing National Transfer Accounts (NTA) statistics consistently from 1984 to 2014 and applied this uniform approach to analyze the evolution of three NTA accounts. By detailing our computation methods, we ensure that the results can be replicated, providing a consistent basis for discussion using NTA. Our analysis revealed that the 23–39 age group experienced the slowest consumption growth since 2004, despite having higher labor income growth compared to other age groups. This discrepancy is attributed to a greater public transfer burden on this age group. This finding offers a new perspective on the potential causes of declining marriage and fertility rates in Japan. Additionally, we discuss potential improvements to the NTA estimation methods and framework.",

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AU - Fukai, Taiyo

AU - Fukuda, Setsuya

AU - Ichimura, Hidehiko

AU - Nakata, Daigo

AU - Sato, Itaru

AU - Terada, Kazuyuki

N1 - Publisher Copyright: © Japanese Economic Association 2024.

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National Transfer Accounts (NTA) in Japan: 1984−2014

Abstract

Keywords

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