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Title:Generational Accounting as a Tool to Assess Fiscal Sustainability: An Overview of the Methodology PDF Logo
Authors:Bonin, Holger
Patxot, Concepció
Issue Date:2004
Series/Report no.:IZA Discussion paper series 990
Abstract:The paper surveys the methodology of generational accounting, a tool for gauging intertemporal imbalance in government finances facing demographic transition. Starting from the fiscal balance rule providing the theoretical background, we review the methods of generational accountants for generating empirical projections of the items building up to the intertemporal government budget. We debate indication of generational redistribution by lifetime expected net tax payments and several indicators for fiscal sustainability found in the literature. Finally, the performance of generational accounts, which ignore behavioral and policy dynamics, is compared with that of generational welfare indicators based on overlapping generations general equilibrium models.
Subjects:generational accounting
fiscal sustainability
methodology
survey
JEL:E62
H61
B41
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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