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Generational accounts for the United States: an update

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Author Info
Jagadeesh Gokhale
Benjamin R. Page
John R. Sturrock
Abstract

An examination of the continuing generational imbalance in U.S. fiscal policy, showing that under current policy, future generations will have to pay almost half of their lifetime labor incomes in net taxes to balance the government's book--more than 70% greater than the 28.6% today's newborns are slated to give up.

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File URL: http://www.clevelandfed.org/research/review/1997/97-q4-gokhale.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Review.

Volume (Year): (1997)
Issue (Month): Q IV ()
Pages: 2-23
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Handle: RePEc:fip:fedcer:y:1997:i:qiv:p:2-23

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Related research
Keywords: Fiscal policy ; Taxation;

References listed on IDEAS
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  1. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational Accounts - A Meaningful Alternative to Deficit Accounting," NBER Working Papers 3589, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  2. Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1992. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," American Economic Review, American Economic Association, vol. 82(5), pages 1177-98, December. [Downloadable!] (restricted)
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This page was last updated on 2009-12-6.

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