This paper illustrates the technique of generational accounting, a new way to evaluate fiscal
policy that overcomes the inherent ambiguities of traditional deficit accounting. The authors …

This paper presents a set of generational accounts that can be used to assess the fiscal
burden current generations are placing on future generations. The generational accounts …

Generational accounting is a relatively new method of long-term fiscal planning and
analysis. It addresses the following closely related questions. First, how large a fiscal burden …

The realities of mounting government debt, tax burdens, and an aging population raise
serious concerns about the financial legacy confronting future generations. How great a …

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 …

An alternative to deficit accounting is proposed for understanding the government's
treatment of current and future generations. The alternative, called generational accounting …

The author assesses the concept of 'generational accounts' and the specific accounts
constructed by Alan Auerbach, Jagadeesh Gokhale, and Laurence Kotlikoff (1991) …

Notwithstanding its widespread use as a measure of fiscal policy, the government deficit is
not a well-defined concept from the perspective of neoclassical macro economics. From the …

As baby boomers reach retirement age, concerns over the future path of federal spending on
entitlement programs grow among orthodox economists. Researchers closely tied to the" …

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 …