Abstract

Aging is one of the great challenges in modern societies after their demographic transition. Changes in population age structure affect socioeconomic organization and force a reconsideration of social structures consolidated under a pyramidal age composition, which is slowly vanishing. To study the impact of aging, National Transfer Accounts (NTA) and its natural extension, National Time Transfer Accounts (NTTA), are valuable data sources. They provide national cross-section age profiles of the main economic (market and nonmarket) variables, informing about how resources are produced, shared, and consumed by individuals of different ages co-living at the same moment. This chapter presents selected applications of NTA data to show its potential to study the generational economy, including both the demographic dividend—how aging affects economic growth—and the effects of aging on the welfare system. Overall, the NTA has proved to be a precious data source to enrich the analysis of the effects of aging on our societies.

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