Generational accounting around the world / edited by Alan J. Auerbach, Laurence J. Kotlikoff, and Willi Leibfritz.

Format:

Book

Contributor:

Auerbach, Alan J.

Kotlikoff, Laurence J.

Leibfritz, Willi.

Series:

National Bureau of Economic Research project report.

A National Bureau of Economic Research project report

Language:

English

Subjects (All):

Finance, Public--Accounting.

Finance, Public.

Generational accounting.

Physical Description:

1 online resource (x, 534 pages) : illustrations

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, c1999.

Language Note:

English

Summary:

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.

Contents:

Front matter

Contents

Introduction

1 From Deficit Delusion to the Fiscal Balance Rule: Looking for an Economically Meaningful Way to Assess Fiscal Policy

2 The Methodology of Generational Accounting

3 Generational Accounting in General Equilibrium

4 An International Comparison of Generational Accounts

5 Argentina's Generational Accounts: Is the Convertibility Plan's Fiscal Policy Sustainable?

6 Generational Accounting in Australia

7 Generational Accounts for Belgium

8 Generational Accounting in Brazil

9 Canada: On the Road to Fiscal Balance

10 Public Debt, Welfare Reforms, and Intergenerational Distribution of Tax Burdens in Denmark

11 Generational Accounting for France

12 Unification and Aging in Germany: Who Pays and When?

13 Generational Accounts for Italy

14 Generational Accounts for the Netherlands

15 Generational Accounting in New Zealand

16 Generational Accounting and Depletable Natural Resources: The Case of Norway

17 Generational Accounts in Sweden

18 Thailand's Generational Accounts

19 Generational Accounting in Japan

20 Generational Accounting in Portugal

21 Generational Accounts for the United States: An Update

Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographical references and indexes.

ISBN:

9786611223076

9781281223074

1281223077

9780226032184

0226032183

OCLC:

437247615