This paper investigates the impact of immigration on intertemporal public budgets. A
modified generational accounting framework is employed to compute the average net …

This book, in its second edition, introduces readers to the economics of immigration, which is
a booming field within economics. The main themes and objectives of the book are for …

Japan is in the midst of a demographic transition that is both rapid and large by international
standards. As recently as 1990 Japan had the youngest population among the Group of 6 …

The life-cycle hypothesis (LCH) posits that the main motivation for saving is to accumulate
resources for later expenditure and in particular to support consumption at the habitual …

Among the concepts used to assess the sustainability of fiscal policy in a changing
demographic environment, generational accounting has become the most prominent. This …

In all societies, intergenerational transfers are large and potentially have an important
influence on inequality and economic growth. The development of each generation of youth …

The design of budget rules and institutions, long a neglected area in public finance and
macroeconomics, has recently been thrust to center stage by the debate over a balanced …

In recent years, the renewed strength of immigration to the United States has sparked a
debate about the economic effects of immigration. A central issue in this debate has been …

Balassone and Franco review the literature on fiscal sustainability in order to examine the
comparative advantages and disadvantages of different methodologies and indicators and …