Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21161 
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dc.contributor.authorBonin, Holgeren
dc.contributor.authorAbio, Gemmaen
dc.contributor.authorBerenguer, Eduardoen
dc.contributor.authorGil, Joanen
dc.contributor.authorPatxot, Concepcióen
dc.date.accessioned2009-01-28T16:19:58Z-
dc.date.available2009-01-28T16:19:58Z-
dc.date.issued2001-
dc.identifier.urihttp://hdl.handle.net/10419/21161-
dc.description.abstractAccording to the 2001 Spanish budgetary previsions, the government deficit is about todisappear. We analyse this matter within a generational accounting framework. Accounting forthe recent expansive phase of the economic cycle, we find that current fiscal policy is alsointertemporally balanced provided that the favourable present employment situation lasts.However, public finances remain under the pressure of the demographic cycle. Therefore, toachieve fiscal sustainability, the surpluses predicted for the next decades need to beaccumulated, in order to finance deficits appearing during the baby-boomers? retirement.The improvement of employment has played an important role in this situation. Weextend the standard generational accounting methodology incorporating tax and transfer ageprofiles by employment status. This permits us to analyse the possible intertemporal impact ofseveral future employment developments. In particular, we assess the fiscal effects of anexpected future increase in female labour force participation. We show that this trend does notnecessarily improve the intertemporal government budget, as social insurance in Spain is notactuarially fair. Finally, we also assess the impact of a decline in unemployment to the naturalrate of unemployment.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x306en
dc.subject.jelH55en
dc.subject.jelE62en
dc.subject.ddc330en
dc.subject.keywordGenerational accountingen
dc.subject.keywordSpainen
dc.subject.keywordfiscal policyen
dc.subject.keywordlabour market trendsen
dc.subject.stwIntergenerative Belastungsrechnungen
dc.subject.stwHaushaltsdefiziten
dc.subject.stwFinanzpolitiken
dc.subject.stwBeschäftigungen
dc.subject.stwTheorieen
dc.subject.stwSpanienen
dc.titleIs the Deficit under Control?-
dc.typeWorking Paperen
dc.identifier.ppn843891246en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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