COSTA RICA:, 2004 Public transfers to the elderly, are bigger than ABR 1 LCD
TF
TG
ABR
Public ABR
Private ABR
0.8
0.6
Rel to YL 30-49
0.4
0.2
0
-0.2
-0.4
-0.6 0
4
8
12
16
20
24
28
32
36
40
44
48
52
56
60
64
68
72
76
80
84
88
Impact of a lack of macro-control (mixed income) data on LCD estimation Share of Mix Life cycle Inc/TOS deficit Surplus Span
3000
2500
2000
1000 of colones
C YL_21 NoImpW YL_noImpW15 YL_impW15 YL_ImpW34 smyl4D_34W
1500
1000
500
28 53 27 54
34.00% 1,154,335
26 56
0 4 8 12 16 20 24 28 32 36 40 44 48 52 56 60 64 68 72 76 80 84 88
0
15.00% 1,531,550 21.70% 1,402,503
age
Costa Rican National System Accounts do not calculate mixed income officially. 1) An estimation was done for NTA but is relatively low respect to other countries (15%).We calculated from survey data under different definitions of mixed income: 2. Based on revenues from independent workers in small size firms (< 10 workers) (21.7%), 3) based on all revenue from independet workers. (34%)
Key problems in Costa Rican in two groups: Data and Metodology DATA ●
Costa Rican SNA does not publish some of the NTA macro data –
–
Lack of operating surplus dissagregation: mixed income, HHD OS, corporated business OS Some statistical inconsistencies between accounts
METHODOLOGY ●
Mixed income estimation affects: the total LCD amount, – surplus span, and – asset income. Indirect taxes allocation (rules) affects the estimations metioned above –
●
To think about? ●
●
If there could be any inconsistency between asset income and saving profiles?. Asset income is imputed to head and labor income to the person. Saving age profile comes from labor income and consumption profiles. A new category in public consumption “other social protection” in order to separate specific age-programs that are not health or education
