Generational Accounting around the World

Front Cover
Alan J. Auerbach, Laurence J. Kotlikoff, Willi Leibfritz
University of Chicago Press, Dec 1, 2007 - Business & Economics - 544 pages
0 Reviews
The realities of mounting government debt, tax burdens, and an aging population raise serious concerns about the financial legacy confronting future generations. How great a fiscal burden will current policies leave to subsequent generations, and how might changes in those policies alter the intergenerational distribution of public welfare? Generational accounting has recently emerged as a robust new method of fiscal analysis and planning designed to assess the long-term sustainability of fiscal policy and to measure the extent of the financial load ultimately borne by present and future generations. A seminal contribution to public economics, generational accounting has already been adopted by 23 nations around the world.

Combining the latest and most extensive country-by-country generational analyses with a comprehensive review of generational accounting's innovative methodology, these papers are a consummate resource for economists, political scientists, and policy makers concerned with fiscal health and responsibility.

 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

1 From Deficit Delusion to the Fiscal Balance Rule Looking for an Economically Meaningful Way to Assess Fiscal Policy
9
2 The Methodology of Generational Accounting
31
3 Generational Accounting in General Equilibrium
43
4 An International Comparison of Generational Accounts
73
5 Argentinas Generational Accounts Is the Convertibility Plans Fiscal Policy Sustainable?
103
6 Generational Accounting in Australia
141
7 Generational Accounts for Belgium
161
8 Generational Accounting in Brazil
177
14 Generational Accounts for the Netherlands
325
15 Generational Accounting in New Zealand
347
16 Generational Accounting and Depletable Natural Resources The Case of Norway
369
17 Generational Accounts in Sweden
397
18 Thailands Generational Accounts
413
19 Generational Accounting in Japan
447
20 Generational Accounting in Portugal
471
21 Generational Accounts for the United States An Update
489

9 Canada On the Road to Fiscal Balance
199
10 Public Debt Welfare Reforms and Intergenerational Distribution of Tax Burdens in Denmark
219
11 Generational Accounting for France
239
12 Unification and Aging in Germany Who Pays and When?
277
13 Generational Accounts for Italy
299
Contributors
519
Author Index
523
Subject Index
527
Copyright

Common terms and phrases

Popular passages

Page viii - The interval is allowed for the receipt of any memorandum of dissent or reservation, together with a brief statement of his reasons, that any member may wish to express; and such memorandum of dissent or reservation shall be published with the manuscript if he so desires. Publication does not, however, imply that each member of the Board has read the manuscript, or that either members of the Board in general, or of the special committee, have passed upon its validity in every detail.
Page viii - Board, requesting approval or disapproval of publication, and thirty days additional shall be granted for this purpose. The manuscript shall then not be published unless at least a majority of the entire Board who shall have voted on the proposal within the time fixed for the receipt of votes shall have approved. 5. No manuscript may be published, though approved by each member of the special manuscript committee, until forty-five days have elapsed from the transmittal of the report in manuscript...
Page viii - Directors to the Work and Publications of the National Bureau of Economic Research 1. The object of the National Bureau of Economic Research is to ascertain and to present to the public important economic facts and their interpretation in a scientific and impartial manner. The Board of Directors is charged with the responsibility of ensuring that the work of the National Bureau is carried on in strict conformity with this object.
Page 3 - These countries are Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Sweden, Switzerland, the United Kingdom and the United States.
Page viii - The object of the Bureau is to ascertain and to present to the public important economic facts and the interpretation thereof in a scientific and impartial manner, free from bias and propaganda.
Page viii - Publications of the National Bureau of Economic Research 1 . The object of the National Bureau of Economic Research is to ascertain and to present to the public important economic facts and their interpretation in a scientific and impartial manner. The Board of Directors is charged with the responsibility of ensuring that the work of the National Bureau is carried on in strict conformity with this object. 2. The President of the National Bureau shall submit to the Board of Directors, or to its Executive...

References to this book

All Book Search results »

About the author (2007)

Laurence J. Kotlikoff is a professor of economics at Boston University and president of Economic Security Planning, Inc. He is the author or co-author of several books including Jimmy Stewart Is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking, The Clash of Generations: Saving Ourselves, Our Kids, and Our Economy, and Get What's Yours: The Secrets to Maxing Out Your Social Security.

Bibliographic information