Generational Accounts for The Netherlands: An Update
AbstractThis paper extends the standard generational accounting methodologyby incorporating prospective changes in the economic environment,assigning the benefits of government purchases to generations,distinguishing between public consumption and public investment,and transforming the generational accounts into government budgets.It applies the methodology to the Netherlands. An expected increasein labor-force participation almost offsets the adverse effectof aging on the sustainability of the Dutch public finances.Since the rise in labor-force participation occurs before thebulk of the aging, the government will have to run sizable fiscalsurpluses in the next decades in order to create the budgetaryroom for higher age-related government expenditures in laterdecades. Copyright Kluwer Academic Publishers 2000
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Bibliographic InfoArticle provided by Springer in its journal International Tax and Public Finance.
Volume (Year): 7 (2000)
Issue (Month): 4 (August)
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Web page: http://www.springerlink.com/link.asp?id=102915
Other versions of this item:
- Bovenberg, A.L. & Rele, H.J.M. ter, 1999. "Generational accounts for the Netherlands: An update," Open Access publications from Tilburg University urn:nbn:nl:ui:12-80405, Tilburg University.
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