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| Title | National Transfer Accounts in 2015 |
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| Date | 2019-01-22 |
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1. Macro Controls of National Transfer Accounts □ In 2015, the macro control of life cycle deficit recorded 112.8 trillion won, down 11.7% from 2014. □ The macro control of age reallocations recorded 112.8 trillion won, which was the same as the life cycle deficit. 2. Life cycle deficit □ Children (0~14) and the elderly (65 or more) marked a life cycle deficit, respectively. Whereas, the working-age adults (15~64) marked a life cycle surplus. □ The working-age adults showed the high figures of public and private consumption. In addition, the public and private consumption of the elderly showed a continuous increase. □ Public consumption recorded the highest figure of 12.14 million won at the age of 10. □ Private consumption per capita recorded the highest figure of 17.41 million won at the age of 28. □ The working-age adults showed a high figure of labor income. The labor income of the elderly showed a continuous increase. □ As for per capita labor income, persons aged 43 recorded the highest figure of 28.96 million won. 3. Age reallocations □ Age reallocations must equal the life cycle deficit for each age group and for the total economy. □ Children and the elderly showed positive net public and private transfers. Whereas, the working-age adults showed negative net public and private transfers. □ Both the per capita public and private transfers showed net inflows for children, net outflows for the working age population and net inflows for the elderly. □ Public asset-based reallocations showed net outflows in all age groups. Private asset-based reallocations showed net inflows in the working-age adults and the elderly. ※ For more information, refer to the attached file. |
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| Attached File | |
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