Transferencias intergeneracionales en Uruguay

The aim of this paper is to present an overall picture of the 1994 estimations of the economic flows per capita by age profile in Uruguay, focusing on the transfers between ages. People consume during the whole of their lives, but labor income is concentrated in the prime ages. In fact, in childhood and for the elderly, consumption is below labor income. These age groups have a life cycle deficit, which is supported by public and private transfers and asset-based reallocations from middle-aged people. The different account profiles (public and private consumption, labor income, public and private transfers, asset-based reallocation) are estimated using micro-data from the Household Survey. The totals of these accounts are consistent with the NIPA.