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Hands-on session of NTA network Berkeley, CA January 12-16, 2009

Hands-on session of NTA network Berkeley, CA January 12-16, 2009. ”National Transfer Accounts of Finland in 2004 Revisited” Risto Vaittinen, Finnish Centre for Pensions Reijo Vanne, Finnish Pension Alliance. Background and timing. Phase 1: GA 2004 (Working Paper 2006)

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Hands-on session of NTA network Berkeley, CA January 12-16, 2009

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  1. Hands-on session of NTA networkBerkeley, CAJanuary 12-16, 2009 ”National Transfer Accounts of Finland in 2004 Revisited” Risto Vaittinen, Finnish Centre for Pensions Reijo Vanne, Finnish Pension Alliance

  2. Background and timing • Phase 1: GA 2004 (Working Paper 2006) • ”Best possible” sources, mainly total pop classified, but detailed, data • Phase 2: NTAs for Finland in 2004 (Spring 2007 – Autumn 2008, Working Paper 2008) • Private economy and NTA framework implementation (Spring 2007): a tight time-table constraint seemed to prevailwe used classified data also for private transactions (consumption etc.) • Latest household budget survey was available from 2001 • Tokyo & Seoul 2007, last version of book text April 2008 • Lot of requests for ”explanations” from Andy, Gretchen and An-Chi • Phase 3: NTAs for Finland 2004 revisited (January 2009, Berkeley) • Budget survey 2006 availableprivate consumption profile updated here (assumed: 2004 and 2006 profiles identical!) • Statistics Finland updated NAupdated macro controls • Use of new NTA templates • The revisited version is really better • Phase 4: Next 2 weeks • Some final checks of the profiles in Finlandto NTA database • Updated text version: graphs (5/8), tables (6/6) and indicators reported in the text

  3. Finland NTA 2004 - LCD Finance per capita

  4. Finland NTA 2004 – Consumption and Labour earnings per capita

  5. Finland NTA 2004 – LCD per capita

  6. Notes • Public family policy transfers allocated to children (following GA tradition) • Issue of CGX look at next figure • Received private interhousehold transfers reported in HH-survey: very small • Bequests profiles available from wealth survey and used in NTA • Updated macro-controls for public sector should be checked

  7. Issue: Contents of CGX(public individual vs. public collective) EUR/capita 2004

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