Date & time
This event will see the launch of the National Transfer Accounts(NTA) for 2003 and 2009. The launch will feature talks from Jeromey Temple, CEO of the Demographic Insight, James Rice, PhD scholar, ANU and Professor Peter McDonald, Crawford School of Public Policy, ANU. They will provide an overview of the report and discuss the potential uses of NTA by academics, policymakers and the general public.
The NTA measures economic flows across age groups. The accounts measure how each age group produces, consumes, shares, and saves resources. Two forms of economic flow are distinguished, transfers between age groups and the use of assets accumulated earlier in life. These flows arise primarily because of a fundamental feature of the economic lifecycle: children and the elderly consume more than they produce through their labour. NTA provides estimates of the components of the economic lifecycle and the inter-age flows that inevitably arise. These flows occur through government programs and through families and other private institutions. The NTA is particularly useful in investigating the effects of population ageing upon a wide range of economic flows and balances.
In the presentation, both age averages and age aggregates are used to show how and which changes in NTA components between 2003-04 and 2009-10 affected economic flows and balances in Australia.
The NTA for Australia are launched for the first time by the Population Policy Group of Crawford School of Public Policy at The Australian National University, and the ARC Centre of Excellence in Population Ageing Research at the University of New South Wales.