|Title||National Transfer Accounts in 2015|
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
□ 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.