NTA results for Slovenia and Austria: an update

1. NTA results for Slovenia and Austria: an update Joze Sambt Faculty of Economics, University of Ljubljana, Slovenia Alexia Prskawetz Vienna University of Technology and Vienna Institute of Demography Sixth Meeting of the Working Group on Macroeconomic Aspects of Intergenerational Transfers, Berkeley, January 9-10, 2009

2. Outline • Fine–tuning the results (in Slovenian case some detailed data available) and presenting them for both countries. • Set of calculations for components, through which consumption is financed (calculations for both countries). • Assigning family and children transfers to household head (current NTA assumption) or to the beneficiaries: simulating effects on the “big picture” (calculations for both countries).

3. Age profile of public consumption and its components – Slovenia; earlier results Source: NTA calculations, based on various data sources.

4. Age profile of public consumption and its components – Slovenia; updated results Source: NTA calculations, based on various data sources.

5. Components of consumption and labor income – Slovenia; earlier results Note:grey lines denote labor income (components) and black lines denote consumption (components). Source: NTA calculations, based on various data sources.

6. Components of consumption and labor income – Slovenia; updated results Note:grey lines denote labor income (components) and black lines denote consumption (components). Source: NTA calculations, based on various data sources.

7. Components of consumption and labor income – Austria Source: NTA calculations, based on various data sources.

8. Lifecycle deficit – Slovenia; earlier results Source: NTA calculations, based on various data sources.

9. Lifecycle deficit – Slovenia; updated results Source: NTA calculations, based on various data sources.

10. Lifecycle deficit – Austria, 2000 Source: NTA calculations, based on various data sources.

11. Age profile of the family and children transfers when assigning them to the household head; Slovenia, year 2004 Sources: Statistical office of the Republic of Slovenia; own calculations.

12. Age profile of the family and children transfers when assigning them to the children (child allowances) and household heads (other family and children related transfers); Slovenian case, year 2004 Sources: Statistical office of the Republic of Slovenia; own calculations.

13. Finance of consumption when family and children transfers areassigned to the household head; Slovenian case, year 2004 Sources: Various data sources, authors’ calculations.

14. Finance of consumption when family and children transfers are assigned to the children (for child allowances) and household heads (other family and children related transfers); Slovenian case, year 2004 Sources: Various data sources, authors’ calculations.

15. Finance of consumption when family and children transfers assigned to the household head; SMOOTHED; Slovenian case, year 2004 Sources: Various data sources, authors’ calculations.

16. Finance of consumption when family and children transfers assigned to the children (child allowances) and household heads (other family and children related transfers); SMOOTHED; Slovenian case, year 2004 Sources: Various data sources, authors’ calculations.

17. Finance of consumption when family and children transfers are assigned to the household head; Slovenian case, year 2004 Sources: Various data sources, authors’ calculations.

18. Finance of consumption when family and children transfers are assigned to the children (child allowances) and household heads (other family and children related transfers); Slovenian case, year 2004 Sources: Various data sources, authors’ calculations.

19. Table: age profile of the family and child transfers when assigning them to the household head; Austria, 2000

20. Table: age profile of the family and child transfers when assigning them to the children (child allowances) and household heads (other transfers); Austria, 2000

21. Finance of consumption when family and children transfers areassigned to the household head; Austrian case, year 2000 Sources: Various data sources, authors’ calculations.

22. Finance of consumption when family and children transfers are assigned to the children (for child allowances) and household heads (other family and children related transfers); Austrian case, year 2000 Sources: Various data sources, authors’ calculations.

23. Finance of consumption when family and children transfers are assigned to the household head; SMOOTHED; Austrian case, year 2000 Sources: Various data sources, authors’ calculations.

24. Finance of consumption when family and children transfers assigned to the children (child allowances) and household heads (other family and children related transfers); SMOOTHED; Austrian case, year 2000 Sources: Various data sources, authors’ calculations.

25. Finance of consumption when family and children transfers are assigned to the household head; Austrian case, year 2000 Sources: Various data sources, authors’ calculations.

26. Finance of consumption when family and children transfers are assigned to the children (child allowances) and household heads (other family and children related transfers); Austrian case, year 2000 Sources: Various data sources, authors’ calculations.

27. The difference under those two different assumptions If child allowances are assigned to the household head (default NTA assumption) then the ratio between public and private transfers for age group 0-14 years of age is: 56% : 43% (Slovenian case) 52% : 48% (Austrian case) If child allowances assigned to children, then this ratio is: 65% : 35% (Slovenian case) 70% : 31% (Austrian case) Related to that, also the structure of the net outflows in the working age (15-64) changes: - the share of net public outflows decreases (outflows are largely canceled out by the inflows in the same age groups, since payers and receivers are now more of about the same age) - the share of net private transfers increases (child allowances received from the state and spent on children are now being considered as private transfers to the children)