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Generational accounts for the United States: an update

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  • Jagadeesh Gokhale
  • Benjamin R. Page
  • John R. Sturrock
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    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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    Bibliographic 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

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    1. Joseph G. Altonji & Fumio Hayashi & Laurence J. Kotlikoff, 1989. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," NBER Working Papers 3046, National Bureau of Economic Research, Inc.
    2. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational accounts: a meaningful alternative to deficit accounting," Working Paper 9103, Federal Reserve Bank of Cleveland.
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    Cited by:
    1. Carole Bonnet, 2002. "Comptabilité générationnelle appliquée à la France : quelques facteurs d'instabilité des résultats," Économie et Prévision, Programme National Persée, vol. 154(3), pages 59-78.

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