Type
Article
Title
Financing the Consumption of the Young and Old in France
In
Population and Development Review
Author(s)
D'ALBIS Hippolyte - Paris-Jourdan Sciences Economiques (Author)
BONNET Carole - Institut National d'Etudes Démographiques (Author)
CHOJNICKI Xavier - Université Lille 3 Sciences Humaines et Sociales (Author)
EL MEKKAOUI Najat - Université Paris-Dauphine (Author)
GREULICH Angela - Observatoire sociologique du changement (Author)
HUBERT Jérôme - Université Catholique de Lille (Author)
NAVAUX Julien - University of Ottawa (u Ottawa) (Author)
Editor
US : Wiley
Volume
45
Number
1
Pages
103 - 132 p.
ISSN
00987921
Keywords
Consumption, Resources, Generations, Elderly people, Family solidarity
Abstract
EN
In this article, we have applied the NTA method to France to gain an understanding of economic flows between generations. Our particular interest lies in the question how far the State and individuals share the responsibility for financing the consumption of different generations. The NTA method is based on an accounting equation whereby private and public resources and consumption are set equal. An individual's resources, income from labor and capital plus public and private transfer inflows must be equal to the use made of them, whether for consuming, saving, or making public and private transfers. Consumption and production levels are then calculated for each age, both individually and in aggregate. Transfers between ages reallocate the wealth produced during the active ages so that individuals can consume at various times in their lives. There are ages when they consume but do not produce—childhood and retirement—and other ages when they produce significantly more than they consume: adulthood.

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