- Generational accounting
Generational accounting is a method of accounting for redistribution of lifetime tax burdens across generations from
social insurance , includingsocial security andsocial health insurance . It goes beyond conventional government budget measures, such thenational debt andbudget deficits , by accounting for projected future net taxes that may not be reflected in a pay-as-you-go system of social insurance. The latter includes only "current" outlays for retirees financed by "current" taxes. Uses include projecting future taxes and outlays from different prospective current policies. For example, if a fall in labor-force growth from an earlier fall in the birth rate is projected to increase the proportion of retirees to thelabor force , generational accounting might examine different projected changes in taxes or program benefits to finance the change. [Jagadeesh Gokhale (2008). "Generational accounting." "The New Palgrave Dictionary of Economics, 2nd Edition ". [http://www.dictionaryofeconomics.com/article?id=pde2008_G000203&q=generational%20accounting&topicid=&result_number=1 Abstract.] ] __NOTOC__Notes
ee also
*
Distribution (economics)
*Laurence J. Kotlikoff
*National accounts
*Wealth (economics) References
* Laurence J. Kotlikoff (1987). "Social security," "", v. 4, pp. 418-20.
* Laurence J. Kotlikoff (1992). "Generational Accounting: Knowing Who Pays, and When, for What We Spend", The Free Press.
* Alan J. Auerbach, Jagadeesh Gokhale and Laurence J. Kotlikoff (1994). "Generational Accounting: A Meaningful Way to Evaluate Fiscal Policy ," "Journal of Economic Perspectives", 8(1) , p [http://www.jstor.org/pss/2138152 p. 73] -94.
* Robert Haveman (1994). "Should Generational Accounts Replace Public Budgets and Deficits?" "Journal of Economic Perspectives", 8(1), p [http://www.jstor.org/pss/2138153 p. 95] -111.
* Laurence J. Kotlikoff and Bernd Raffelhüschen (1999). "Generational Accounting around the Globe," "American Economic Review", 89(2), p [http://www.jstor.org/pss/117099 p. 161] -166.
* Willem H. Buiter (1997). "Generational Accounts, Aggregate Saving and Intergenerational Distribution," "Economica", N.S., 64(256) , p [http://www.jstor.org/pss/2555103 p. 605] -626.
* Alan J. Auerbach, Laurence J. Kotlikoff, and Willi Leibfritz (1999). "Generational Accounting Around the World." 534 pp. [http://books.google.com/books?hl=en&lr=&id=bFv8wwu5IjMC&oi=fnd&pg=PA1&dq=%22Generational+Accounting+Around+the+World%22&ots=FBRINklDR4&sig=bzhW9z-caRysZfEjCGEArcQHZsY Preview.]
* Holger Bonin (2001)). "Generational Accounting: Theory and Application". Springer. [http://books.google.com/books?id=jWdooe1SwmcC&printsec=frontcover&dq=%22Generational+accounting%22&lr=#PPP1,M1 Preview.]
*World Bank (2001). "Generational Accounting." as lecture [http://info.worldbank.org/etools/docs/library/77603/june2001/pdfppt/kotlikoff1.pdf outline.] Simple as ABC.
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