Although the budget deficit and the public debt feature prominently in political debate and
economic research, there is no agreement about how they should be measured. They can …

This paper presents the first set of generational accounts for the United Kingdom. We find
that under our baseline scenario, in which pensions are price indexed and health …

Long‐term care provision and financing are becoming increasingly important matters in all
ageing economies. Therefore, a major challenge for policy makers is to strike a balance …

Generational accounting is a relatively new tool of long-term fiscal analysis.'It is based on
the government's intertemporal budget constraint, which requires that the government's bills …

The paper examines the effects of demographic changes on government budgets and
national savings. Most OECD countries will experience a rapid ageing of the population in …

We test the subset of models of public choice of social security that have empirical
predictions. The data, collected for this paper from the OECD countries for the years 1960 …

The last half century has seen a dramatic expansion in access to primary, secondary, and
higher education in many nations around the world. Educational expansion is desirable for a …

Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves
redistributing resources across generations and allocating to particular generations the …

Are generational accounts informative about the effect of the budget on the intergenerational
distribution of resources and on aggregate saving? First, the usefulness of generational …

La relación entre la familia y el Estado se ha planteado en términos de sustitución de éste
por aquella, lo cual produciría un efecto de debilitamiento de la solidaridad privada …