Generational Accounts - a Meaningful Alternative to Deficit Accounting

摘要: This paper presents a set of generational accounts (GAS) that can be used to assess the fiscal burden current generations are placing on future generations. The GAS indicate net present value amount and projected pay government now in future. accounting system represents an alternative using federal budget deficit gauge intergenerational policy. From theoretical perspective, measured need bear no relationship underlying stance Within range reasonable growth interest rate assumptions difference between age zero ranges from 17 24 percent. means if is not increased relative policy (ignoring just enacted deal) treated equally (except for adjustment growth) facing all over their lifetimes will percent larger than newborns 1989. will, it sticks, significantly reduce