scholarly journals Generational Accounts - A Meaningful Alternative to Deficit Accounting

10.3386/w3589 ◽  
1991 ◽  
Author(s):  
Alan Auerbach ◽  
Jagadeesh Gokhale ◽  
Laurence Kotlikoff
Keyword(s):  
Generational Accounts

The fiscal outlook in Austria: an evaluation with Generational Accounts

Empirica ◽  
2009 ◽  
Vol 36 (4) ◽  
pp. 475-499 ◽  
Author(s):  
Veronika Deeg ◽  
Christian Hagist ◽  
Stefan Moog
Keyword(s):  
Generational Accounts

scholarly journals A Fiscal Outlook for Poland Using Generational Accounts

2011 ◽  
Author(s):  
Janusz Jablonowski ◽  
Christoph Mueller ◽  
Bernd Raffelh�schen
Keyword(s):  
Generational Accounts

scholarly journals Lifetime Generational Accounts for the Netherlands*

2012 ◽  
Vol 33 (3) ◽  
pp. 399-427 ◽  
Author(s):  
Harry Ter Rele ◽  
Claudio Labanca
Keyword(s):  
The Netherlands ◽  
Generational Accounts

scholarly journals Generational Accounts: A Meaningful Alternative to Deficit Accounting

1991 ◽  
Vol 5 ◽  
pp. 55-110 ◽  
Author(s):  
Alan J. Auerbach ◽  
Jagadeesh Gokhale ◽  
Laurence J. Kotlikoff
Keyword(s):  
Generational Accounts

Konjunktur und Generationenbilanz – eine Analyse anhand des HP-Filters / Business Cycle Effects on Generational Accounting – An Analysis using the HP-Filter

2008 ◽  
Vol 228 (4) ◽  
Author(s):  
Ulrich Benz ◽  
Christian Hagist
Keyword(s):  
Business Cycle ◽  
Time Frame ◽  
Sustainability Indicators ◽  
Generational Accounting ◽  
Eine Analyse ◽  
Economic Methods ◽  
General Government ◽  
Generational Accounts ◽  
The Business Cycle ◽  
Hp Filter

SummaryGenerational accounting is - given the future demographic developments in OECD countries - an established tool to quantify the fiscal situation of public coffers. However, as all economic methods dealing with future developments it has critical points. One in particular is the calibration on one base year which neglects business cycle effects on the generational accounts. This paper aims to analyze in which way and to which degree generational accounts and the associated sustainability indicators are biased due to the neglecting of business cycle effects. To do this we use the Hodrick-Prescott-Filter to estimate the business cycle effects for the German general government budgets from 1996 to 2005. We then calculate sustainability indicators based on all years given the actual and the business cycle adjusted budgets. It can be stated that the neglect of the business cycle definitively has an effect on the outcomes of the generational accounting framework. However the magnitude of this effect is rather small, at least for Germany. As a by-product of our analysis, we show that the German fiscal policy was rather pro-cyclical during the examined time frame and that the effects of these policies on the generational accounts are larger than the business cycle effects.

scholarly journals Generational accounts and demographic dividend in Russia

2019 ◽  
pp. 40-63
Author(s):  
Mikhail Denisenko ◽  
Vladimir Kozlov
Keyword(s):  
Middle Ages ◽  
Age Groups ◽  
National Income ◽  
Demographic Development ◽  
Labour Income ◽  
Development Scenarios ◽  
Production And Distribution ◽  
Generational Accounts ◽  
Projected Changes ◽  
The Impact

The paper presents a modern methodology for estimating the impact of different age groups on the production and distribution of national income, called national transfer (generational) accounts. The human economic lifecycle is divided into stages defined by the ratio of labour income to consumption. In middle ages, gained income is higher than current consumption. The resulting surplus of resources is supposed to cover the income deficit in older and younger age groups. Estimates of the deficit or surplus at different ages are made for the Russian population for 2013 based on the results of age profiles taken from administrative sources and surveys. In the paper we also estimate the projected changes in the lifecycle deficit under different demographic development scenarios. Age profiles of labour income and consumption are used to calculate the effective economic support and the influence of demographic changes in Russia on economic growth rates in the near future.

scholarly journals Generational accounts for Belgium: fiscal sustainability at a glance

Empirica ◽  
2013 ◽  
Vol 41 (4) ◽  
pp. 663-686 ◽  
Author(s):  
André Decoster ◽  
Xavier Flawinne ◽  
Pieter Vanleenhove
Keyword(s):  
Fiscal Sustainability ◽  
Generational Accounts

A Set of Generational Accounts for Australia: Base Year 1994/95

1997 ◽  
Vol 8 (1) ◽  
pp. 90-109 ◽  
Author(s):  
John Ablett
Keyword(s):  
Generational Accounting ◽  
Fiscal Constraint ◽  
Generational Accounts ◽  
Positive Effect ◽  
Generational Imbalance

The baseline Australian generational accounts for 1994/95 presented in this paper reveal a moderate imbalance in favour of current generations, and thus a reversal of the imbalance evident in the 1990/91 base year accounts (Ablett, 1996a). However, alternative simulations suggest the fiscal constraint implied by recent official government projections should be sufficient to correct the generational imbalance of the baseline accounts. Generational accounting results involving several migration scenarios are also presented. These lend support to the view that migration has an overall net positive effect on government finances.

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