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Preliminary NTA Estimates for Preliminary NTA Estimates for Jamaica for 2002Jamaica for 2002
Presentation by Maurice Harris at the ECLAC National Transfer Accounts Workshop, Havana, Cuba, November 16, 2010
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ContextContextPopulation in 2002 was approximately 2.6 millionLargest English-speaking Caribbean countryModerately ageing population Projected to enter a phase of rapid ageing within the next two decades
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ContextContext
Labour force of approx. 1.12 millionUnemployment rate of 15.1 per centLabour force participation on 63.6 per centSocial security programes include a conditonal cash transfer programme which mostly targets children
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ContextContext
Government-administered programme which provides subsidised drugs to the elderlyGovernment pension scheme (contributory and non-contributory)Four-tiered education system in which the Government invests heavily
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Population Age ProfilePopulation Age Profile
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Lifecycle ResultsLifecycle Results
Source: LFS 2002, JSLC 2002, NIP 2009, author’s own calculations
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Lifecycle ResultsLifecycle Results
Source: LFS 2002, JSLC 2002, NIP 2009, author’s own calculations
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Lifecycle ResultsLifecycle Results
Source: LFS 2002, JSLC 2002, NIP 2009, author’s own calculations
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Lifecycle ResultsLifecycle Results
Source: LFS 2002, JSLC 2002, NIP 2009, author’s own calculations
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Lifecycle ResultsLifecycle Results
Source: LFS 2002, JSLC 2002, NIP 2009, author’s own calculations
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SummarySummary
In 2002 there was a lifecycle deficit of approximately J$95.0 billionThis was financed by net transfers (J$52.6 billion) and asset-based reallocations (J$42.4 billion)The productive/surplus period was computed to be 34 years. The lifecycle deficit is greater that zero between the age ranges 0 to 22 and 57 and over
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Next StepsNext Steps
Do necessary revisions to arrive at final estimatesDo comparisons between Jamaica and another NTA country
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Team Members Team Members Maurice HarrisFrederick GordonHugh MorrisJodi-Ann ArisToni-Shae Freckleton
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Thank you