Generational Accounting
A Meaningful Way to Evaluate Fiscal Policy
Bibliographic Data
| ID | 4029912 |
|---|---|
| Authors | Alan J Auerbach (Professor of Economics and Law, University of Pennsylvania, Philadelphia, Pennsylvania; Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts.), Jagadeesh Gokhale (Economist, Federal Reserve Bank of Cleveland, Cleveland, Ohio.), Laurence J Kotlikoff (Professor of Economics, Boston University, Boston, Massachusetts; Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts.) |
| Year | 1994 |
| Volume | 8 |
| Issue | 1 |
| Pages | 73-94 |
| Publication date | 1994-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.8.1.73 |
| OpenAlex | W2160983390 |
| Language | EN |
| Citations received | 55 |
| References cited | 6 |
This paper illustrates the technique of generational accounting, a new way to evaluate fiscal policy that overcomes the inherent ambiguities of traditional deficit accounting. The authors illustrate why there is no 'correct' measure of the deficit and how generational accounting--estimating the fiscal burdens current policy places on different generations--provides a clearer picture of the intergenerational and macroeconomic effects of fiscal policy than any measure of the deficit. Their calculations suggest that, despite recent changes, U.S. fiscal policy is unsustainable in that it will ultimately require future generations to bear a much higher burden than those currently alive
Economics · Fiscal policy · Macroeconomics · Public economics · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Housing Market and Economics · Accounting
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Pensions across generations
The Demography of an Equitable and Stable Intergenerational Transfer System
The Battle of Future Pensions
Fiscal Policy in Post-EMU Europe
The characteristics of countries with generational account imbalances
Confronting Political—Economic Theories of Voting with Evidence
Differential Returns by Year of Retirement under the Canada Pension Plan
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Demography, Economy and Policy Choices
Public economic gains from tax-financed investments in childhood immunization in the United States
Dépenses publiques d'éducation et inégalités
An actuarial balance sheet of the Swiss old‐age pension scheme
Curbing the demographic “drifting dune” in long‐term care insurance financing
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The Moral Economy of Intergenerational Redistribution in an Ageing Society
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Les transferts familiaux vers les jeunes adultes en temps de crise
Perspectives from the President's Commission on Social Security Reform
Les aspects démographiques d' un système équitable et stable de transferts intergénérationnels
| Unique citing works | 55 |
|---|---|
| Citations per year | 1,83 |
| Citation span | 1996 - 2026 (31) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 43 |