Should Household Wealth and Government Liabilities Include Future Pension Rights?

摘要: Pension rights, though relevant to policy-making and the macroeconomic debate, are generally ignored by system of national accounts. The revision accounts standards be implemented in coming years only partially addresses this problem. This paper looks at how new measures on pension entitlements can implemented, emphasizing role liabilities economic literature, as well policy institutions. robustness method is examined from point view statistical consistency, dependence uncertain parameters, sensitivity non-significant operations opportunities for manipulation. Close attention paid main points interest European countries context Stability Growth Pact’s Excessive Deficit Procedure. ability rules capture imbalances provide appropriate incentives foster structural reforms also examined. A first conclusion that quantitative estimates produced with do not seem particularly useful field government finance indicators; however, they appear satisfy requirements literature household wealth saving rates.