Bell Fellow Ian Salas Co-authors Study on Economic Lifecycle of Average Filipino

Salas_headshotHarvard Pop Center Bell Fellow J.M. Ian Salas, PhD, has co-authored a study in the Journal of Economics of Ageing that compares the patterns of consumption, labor income earned, and financing of consumption at different ages or stages of the lifecycle of the average Filipino between the years 1999 and 2007 using the Philippine National Transfer Account (NTA). The findings suggest that there has been an overall increase in per capita labor income and consumption in real terms, a rise in real per capita private health spending at older ages, and a change in reliance on labor income as a source to finance consumption of the young and the elderly.