Lifecycle deficit and economic support ratio in Nigeria: The national transfer account approach
Aim/purpose – The benefit of changing the population age structure only accrues to an economy if the labor market absorbs the increasing number of the working population at a given labor income that surpasses the prevailing consumption of that age group. However, the prevailing conditions in Nigeria...
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| Format: | Article |
| Language: | English |
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2024-01-01
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| Series: | Journal of Economics and Management |
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| Online Access: | https://doi.org/10.22367/jem.2024.46.17 |
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| author | Onisanwa Idowu Daniel Yohanna Sule |
| author_facet | Onisanwa Idowu Daniel Yohanna Sule |
| author_sort | Onisanwa Idowu Daniel |
| collection | DOAJ |
| description | Aim/purpose – The benefit of changing the population age structure only accrues to an economy if the labor market absorbs the increasing number of the working population at a given labor income that surpasses the prevailing consumption of that age group. However, the prevailing conditions in Nigeria suggest that consumers outweigh producers amidst the increasing working-age share of the population. While the demographic dividend has been established in some advanced countries, the same cannot be said in Nigeria. Thus, this study uses annual data projections by the United Nations to examine the interplay between consumption, labor income, and the economic support ratio in Nigeria between 2001 and 2050. |
| format | Article |
| id | doaj-art-10d24bb0f84c412680d09ee3436b70e7 |
| institution | Kabale University |
| issn | 2719-9975 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Journal of Economics and Management |
| spelling | doaj-art-10d24bb0f84c412680d09ee3436b70e72025-02-02T15:47:19ZengSciendoJournal of Economics and Management2719-99752024-01-0146144847310.22367/jem.2024.46.17Lifecycle deficit and economic support ratio in Nigeria: The national transfer account approachOnisanwa Idowu Daniel0Yohanna Sule11Department of Economics and Development Studies, Faculty of Social Sciences, Federal University of KashereGombe State, Nigeria2Department of Economics and Development Studies Faculty of Social Sciences, Federal University of KashereGombe State, NigeriaAim/purpose – The benefit of changing the population age structure only accrues to an economy if the labor market absorbs the increasing number of the working population at a given labor income that surpasses the prevailing consumption of that age group. However, the prevailing conditions in Nigeria suggest that consumers outweigh producers amidst the increasing working-age share of the population. While the demographic dividend has been established in some advanced countries, the same cannot be said in Nigeria. Thus, this study uses annual data projections by the United Nations to examine the interplay between consumption, labor income, and the economic support ratio in Nigeria between 2001 and 2050.https://doi.org/10.22367/jem.2024.46.17national transfer accountsdemographic dividendlifecycle deficiteconomic support rationigeriaj11o47 |
| spellingShingle | Onisanwa Idowu Daniel Yohanna Sule Lifecycle deficit and economic support ratio in Nigeria: The national transfer account approach Journal of Economics and Management national transfer accounts demographic dividend lifecycle deficit economic support ratio nigeria j11 o47 |
| title | Lifecycle deficit and economic support ratio in Nigeria: The national transfer account approach |
| title_full | Lifecycle deficit and economic support ratio in Nigeria: The national transfer account approach |
| title_fullStr | Lifecycle deficit and economic support ratio in Nigeria: The national transfer account approach |
| title_full_unstemmed | Lifecycle deficit and economic support ratio in Nigeria: The national transfer account approach |
| title_short | Lifecycle deficit and economic support ratio in Nigeria: The national transfer account approach |
| title_sort | lifecycle deficit and economic support ratio in nigeria the national transfer account approach |
| topic | national transfer accounts demographic dividend lifecycle deficit economic support ratio nigeria j11 o47 |
| url | https://doi.org/10.22367/jem.2024.46.17 |
| work_keys_str_mv | AT onisanwaidowudaniel lifecycledeficitandeconomicsupportratioinnigeriathenationaltransferaccountapproach AT yohannasule lifecycledeficitandeconomicsupportratioinnigeriathenationaltransferaccountapproach |