Please use this identifier to cite or link to this item:
Salas, J.M. Ian S.
Abrigo, Michael Ralph M.
Racelis, Rachel H.
Year of Publication: 
Series/Report no.: 
PIDS Discussion Paper Series 2014-24
This paper compares the estimates of the 1999 and 2007 Philippine National Transfer Accounts (NTA) and examines the implications of using two alternative treatments or definitions of overseas Filipino workers' (OFW) remittances in the NTA. To reflect official definitions in the Philippine System of National Accounts, the treatment of OFW remittances in the estimation is changed from being mainly interhousehold transfers in previous NTA estimates to being mainly labor income (earnings) in the revised NTA estimates. This results in a downward revision in lifecycle deficit estimates for 1999 and 2007, highlighting the sensitivity of estimates to definitional changes.
National Transfer Accounts
economic lifecycle
intergenerational transfer
consumption age profile
lifecycle deficit
labor income age profile
overseas workers' remittances
Document Type: 
Working Paper

Files in This Item:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.