IDEAS home Printed from https://ideas.repec.org/a/spr/jecrev/v75y2024i4d10.1007_s42973-024-00175-4.html
   My bibliography  Save this article

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

Author

Listed:
  • Taiyo Fukai

    (Gakushuin University
    The University of Tokyo)

  • Setsuya Fukuda

    (National Institute of Population and Social Security Research)

  • Hidehiko Ichimura

    (The University of Arizona)

  • Daigo Nakata

    (The Research Institute of Economy, Trade and Industry)

  • Itaru Sato

    (National Institute of Population and Social Security Research)

  • Kazuyuki Terada

    (Soka University)

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.

Suggested Citation

  • Taiyo Fukai & Setsuya Fukuda & Hidehiko Ichimura & Daigo Nakata & Itaru Sato & Kazuyuki Terada, 2024. "National Transfer Accounts (NTA) in Japan: 1984−2014," The Japanese Economic Review, Springer, vol. 75(4), pages 779-821, December.
  • Handle: RePEc:spr:jecrev:v:75:y:2024:i:4:d:10.1007_s42973-024-00175-4
    DOI: 10.1007/s42973-024-00175-4
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s42973-024-00175-4
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s42973-024-00175-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Pieter Vanhuysse & Marton Medgyesi & Robert I Gal, 2021. "Welfare states as lifecycle redistribution machines: Decomposing the roles of age and socio-economic status shows that European tax-and-benefit systems primarily redistribute across age groups," PLOS ONE, Public Library of Science, vol. 16(8), pages 1-18, August.
    2. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational Accounts: A Meaningful Alternative to Deficit Accounting," NBER Chapters, in: Tax Policy and the Economy, Volume 5, pages 55-110, National Bureau of Economic Research, Inc.
    3. Barr, Nicholas, 2001. "The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State," OUP Catalogue, Oxford University Press, number 9780199246595, Decembrie.
    4. David McCarthy & James Sefton & Ronald Lee & Joze Sambt, 2022. "Generational Wealth Accounts: Did Public and Private Inter-Generational Transfers Offset Each Other over the Financial Crisis?," The Economic Journal, Royal Economic Society, vol. 132(647), pages 2412-2437.
    5. Stanislav Kolenikov, 2014. "Calibrating survey data using iterative proportional fitting (raking)," Stata Journal, StataCorp LLC, vol. 14(1), pages 22-59, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jorid Kalseth & Valeria Donisi & Marta Miret & Anna K. Forsman & Johanna Cresswell-Smith, 2022. "Exploring the Association between Welfare State and Mental Wellbeing in Europe: Does Age Matter?," IJERPH, MDPI, vol. 19(17), pages 1-25, September.
    2. Guillaume Allègre & Thomas Melonio & Xavier Timbeau, 2012. "Dépenses publiques d'éducation et inégalités. Une perspective de cycle de vie," Revue économique, Presses de Sciences-Po, vol. 63(6), pages 1055-1079.
    3. Bea Cantillon & Wim Van Lancker, 2011. "Solidarity and reciprocity in the social investment state: what can be learned from the case of Flemish school allowances and truancy?," Working Papers 1109, Herman Deleeck Centre for Social Policy, University of Antwerp.
    4. repec:spo:wpmain:info:hdl:2441/2091 is not listed on IDEAS
    5. Marco Bassetto, 2009. "The Research Agenda: Marco Bassetto on the Quantitative Evaluation of Fiscal Policy Rules," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 10(2), April.
    6. Buiter, Willem H., 1996. "Aspects of Fiscal Performance in some Transition Economies under Fund-supported Programs," CEPR Discussion Papers 1535, C.E.P.R. Discussion Papers.
    7. Raffelhüschen, Bernd & Hagist, Christian & Moog, Stefan & Vatter, Johannes, 2009. "Ehrbare Staaten? Die deutsche Generationenbilanz im internationalen Vergleich," Argumente zur Marktwirtschaft und Politik 107, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin.
    8. Raffelhüschen, Bernd & Seuffert, Stefan, 2020. "Ehrbarer Staat? Wege und Irrwege der Rentenpolitik im Lichte der Generationenbilanz," Argumente zur Marktwirtschaft und Politik 148, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin.
    9. Elmendorf, Douglas W. & Gregory Mankiw, N., 1999. "Government debt," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 25, pages 1615-1669, Elsevier.
    10. Gregorio Caetano & Miguel Palacios & Harry A. Patrinos, 2019. "Measuring Aversion to Debt: An Experiment Among Student Loan Candidates," Journal of Family and Economic Issues, Springer, vol. 40(1), pages 117-131, March.
    11. Erling Steigum, Jr & Carl Gjersem & Willi Leibfritz, 1999. "Generational Accounting and Depletable Natural Resources: The Case of Norway," NBER Chapters, in: Generational Accounting around the World, pages 369-396, National Bureau of Economic Research, Inc.
    12. Xavier Chojnicki, 2013. "The Fiscal Impact of Immigration in France: A Generational Accounting Approach," The World Economy, Wiley Blackwell, vol. 36(8), pages 1065-1090, August.
    13. repec:pri:cepsud:74bradford is not listed on IDEAS
    14. repec:zbw:rwidps:0020 is not listed on IDEAS
    15. Papageorgiou, Athanasios, 2018. "The Effect of Immigration on the Well-Being of Native Populations: Evidence from the United Kingdom," MPRA Paper 93045, University Library of Munich, Germany.
    16. Kazakova, Maria & Nesterova, Kristina, 2015. "Long-Term Forecast of the Main Parameters of the Budgetary System of Russia," Published Papers 2309, Russian Presidential Academy of National Economy and Public Administration.
    17. Stefan Moog & Christoph Müller, 2011. "Zur Erhöhung der Regelaltersgrenze in Deutschland: eine internationale Perspektive," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 80(2), pages 33-51.
    18. repec:hal:spmain:info:hdl:2441/2091 is not listed on IDEAS
    19. Feist, Karen & Krimmer, Pascal & Raffelhüschen, Bernd, 2001. "Intergenerative Effekte einer lebenszyklusorientierten Einkommensteuerreform: Die Einfachsteuer des Heidelberger Steuerkreises," Discussion Papers 98, Albert-Ludwigs-Universität Freiburg, Institut für Finanzwissenschaft.
    20. Chapman, Bruce, 2006. "Income Contingent Loans for Higher Education: International Reforms," Handbook of the Economics of Education, in: Erik Hanushek & F. Welch (ed.), Handbook of the Economics of Education, edition 1, volume 2, chapter 25, pages 1435-1503, Elsevier.
    21. Frits Bos & Coen Teulings, 2012. "The world’s oldest fiscal watchdog: CPB’s analyses foster consensus on economic policy," CPB Discussion Paper 207, CPB Netherlands Bureau for Economic Policy Analysis.
    22. Fullerton, Don & Metcalf, Gilbert E., 2002. "Tax incidence," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 4, chapter 26, pages 1787-1872, Elsevier.
    23. Stefan Domonkos & Andras Simonovits, 2016. "Pensions in transition in EU11 countries between 1990 and 2015," CERS-IE WORKING PAPERS 1615, Institute of Economics, Centre for Economic and Regional Studies.
    24. Bruce Chapman & Tim Higgins, 2013. "The Costs of Unpaid Higher Education Contribution Scheme Debts of Graduates Working Abroad," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 46(3), pages 286-299, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jecrev:v:75:y:2024:i:4:d:10.1007_s42973-024-00175-4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.