Comparative Analysis Of Economic Lifecycle Deficits In Kenya And Nigeria: Some Estimation Results In Health And Education
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Date
2012Author
Soyibo, Adedoyin
Mwabu, Germano
Olaniyan, Olanrewaju
Muriithi, Moses
Type
ArticleLanguage
enMetadata
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This paper used the National Transfer Accounts (NTA) approach to estimate
and compare the sources and size of economic lifecycle deficits of Nigeria and
Kenya. The approach offers a framework for analyzing and interpreting the
relationship between age structure and wealth flows, and for understanding
how societies utilize different mechanisms to allocate resources across age groups.
Consumption and labor income in Kenya and Nigeria have similar features.
Public consumption expenditures on health and education are higher in Kenya
and lower in Nigeria relative to the mean income of the reference age. Both
countries have economic lifecycle deficits that cannot be offset by labor income.
Therefore, individuals must rely on asset income and intergenerational transfers
to finance the deficits.
URI
http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/ASJ15%20Section2%20Eng.pdfhttp://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/48373
Citation
Muriithi, MK. 2012. Comparative Analysis of Economic Lifecycle Deficits in Kenya and Nigeria: Some Estimation Results in health and education. African statistical journal. 15Publisher
University of Nairobi School of Economics