Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/90841 
Year of Publication: 
1999
Series/Report no.: 
IFS Working Papers No. W99/16
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
This paper considers the relevance of a set of generational accounts in informing policy debate in the UK. With regard to transparency, Generational Accounts can, under sensible assumptions, provide a useful summary statistic to supplement our analysis of government policy. Interpreting differences in the accounts across groups as measures of the incidence or redistributiveness of existing or proposed policies is more problematic. With respect to UK pension reform, within-cohort differences raise important issues. Finally we argue that past pension reforms have been characterised by inaccurate forecasts as opposed to a lack of understanding of the generational incidence of proposed policy.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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