Journal article
Net Assets Available at Age of Death in Australia: An Extension of the National Transfer Accounts Methodology
Jeromey B Temple, Peter F McDonald, James Mahmud Rice
Population Review | Sociological Demography Press | Published : 2017
Abstract
Population ageing through much of the developed world presents the opportunity for a massive transfer of wealth across generations. One important and understudied intergenerational transfer in Australia occurs at or near death through inheritance or inter vivo transfers. In Australia, the number of deaths is projected to increase by 13% in just 10 years time, and by 95% mid century. With this significant change on the horizon, little academic interest has focused on the value of assets at age of death in Australia. In this report, we utilise the National Transfer Account (NTA) methodology to examine the per capita and aggregate (i.e., economy wide) value of net assets available at age of dea..
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Grants
Awarded by Australian Research Council through an Ageing Well
Awarded by Australian Research Council's Centre of Excellence in Population Ageing Research
Funding Acknowledgements
The Australian NTA forms part of a large international effort led by the East-West Center and the Center for the Economics and Demography of Aging, University of California at Berkeley. Further information is available at: www.ntaaccounts.org. Funding for the development of the Australian NTA has been provided by the National Health and Medical Research Council and the Australian Research Council through an Ageing Well, Ageing Productively Research Program grant (ID 401158) and the Australian Research Council's Centre of Excellence in Population Ageing Research (CE1101029). Funding for this study has also been made available by the Australian Department of Social Services. Numerous ABS sample survey data sets were made available to the authors by the Australian Bureau of Statistics (ABS).