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Generational Accounts for The Netherlands: An Update

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  • A. Bovenberg
  • Harry Rele

Abstract

This 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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File URL: http://hdl.handle.net/10.1023/A:1008764817946
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Bibliographic Info

Article provided by Springer in its journal International Tax and Public Finance.

Volume (Year): 7 (2000)
Issue (Month): 4 (August)
Pages: 411-430

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Handle: RePEc:kap:itaxpf:v:7:y:2000:i:4:p:411-430

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Web page: http://www.springerlink.com/link.asp?id=102915

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  1. W.H. Buiter, 1995. "Generational Accounts," CEP Discussion Papers dp0237, Centre for Economic Performance, LSE.
  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.
  3. Auerbach, Alan J. & Kotlikoff, Laurence J. & Leibfritz, Willi (ed.), 1999. "Generational Accounting around the World," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226032139, Winter.
  4. Robert Haveman, 1994. "Should Generational Accounts Replace Public Budgets and Deficits?," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 95-111, Winter.
  5. Bovenberg, A.L., 1997. "Dutch employment growth: An analysis," Open Access publications from Tilburg University urn:nbn:nl:ui:12-74445, Tilburg University.
  6. Diamond, Peter, 1996. "Generational Accounts and Generational Balance: An Assessment," National Tax Journal, National Tax Association, vol. 49(4), pages 597-607, December .
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Cited by:
  1. Ilho Yoo & Alan J. Auerbach & Young Jun Chun, 2004. "The Fiscal Burden of Korean Reunification: A Generational Accounting Approach," Econometric Society 2004 Latin American Meetings 313, Econometric Society.
  2. Laurence J. Kotlikoff, 2007. "Comment on "Population Aging, Fiscal Policies, and National Saving: Predictions for the Korean Economy"," NBER Chapters, in: Fiscal Policy and Management in East Asia, NBER-EASE, Volume 16, pages 372-373 National Bureau of Economic Research, Inc.
  3. Nick Draper & Alex Armstrong, 2007. "GAMMA; a simulation model for ageing, pensions and public finances," CPB Document 147, CPB Netherlands Bureau for Economic Policy Analysis.
  4. Jeroen J. M. Kremers, 2002. "Pension Reform: Issues in the Netherlands," NBER Chapters, in: Social Security Pension Reform in Europe, pages 291-316 National Bureau of Economic Research, Inc.
  5. Damla Haciibrahimoglu & Pinar Derin-Gure, 2013. "Generational Accounting in Turkey," ERC Working Papers 1301, ERC - Economic Research Center, Middle East Technical University, revised Jan 2013.
  6. Young Jun Chun, 2006. "Population Aging, Fiscal Policies, and National Saving: Predictions for Korean Economy," NBER Working Papers 12265, National Bureau of Economic Research, Inc.

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