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Social Security and Medicare Policy from the Perspective of Generational Accounting

In: Tax Policy and the Economy, Volume 6

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  • Alan J. Auerbach
  • Jagadeesh Gokhale
  • Laurence J. Kotlikoff

Abstract

An application of the generational accounting method of fiscal policy analysis to projected spending paths for Social Security and Medicare suggesting that, under realistic assumptions for these programs, future generations as well as current young Americans could bear a significantly larger share of the burden of government spending than previously thought.

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This chapter was published in:

  • James M. Poterba, 1992. "Tax Policy and the Economy, Volume 6," NBER Books, National Bureau of Economic Research, Inc, number brad92-1.
    This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 10842.

    Handle: RePEc:nbr:nberch:10842

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    1. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational accounting: a new approach for understanding the effects of fiscal policy on saving," Working Paper 9107, Federal Reserve Bank of Cleveland.
    2. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational Accounts: A Meaningful Alternative to Deficit Accounting," NBER Chapters, in: Tax Policy and the Economy, Volume 5, pages 55-110 National Bureau of Economic Research, Inc.
    3. Bohn, H., 1990. "The Sutainability Of Budget Deficits In A Stochastic Economy," Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research 6-90, Wharton School - Weiss Center for International Financial Research.
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