Conturile naționale de transfer pentru Republica Moldova: profilul de vârstă al consumului și venitului din muncă

Abstract

The NTA methodology is a modern system for estimating intergenerational balances within the System of National Accounts (SNA), which makes it possible to assess the contribution of individual age groups to the production and distribution of national income, as well as to explore the characteristics of income and consumption. NTA for Moldova, built for 2019, reflects the features of the socioeconomic context, the level of labor income, opportunities for savings, and the specifics of the consumption of the population. The big size of the economic life cycle deficit, defined as the difference between labor income and consumption, is determined by the low rate of employment and high costs of life in Moldova. The share of private transfers in LCD covering is much higher than that of public transfers. The private sector has a substantial role in intergenerational distribution, especially for the young generation, the older persons also being donors of private transfers. Education and health care are provided predominantly by the public sector. The public pension expenditure represented about one-third of the total volume of public transfers. People in the 30–48 age span produce the lifecycle surplus. They generate the largest share of labor income and contribute to both private and public transfers. The article was elaborated within the State Program Project (2020-2023) 20.80009.0807.21 „Migration, demographic changes, and situation stabilisation policies”. The implementation of the NTS methodology in Moldova was carried out with the financial support of the Population Fund (UNFPA).