Advanced Search
MyIDEAS: Login to save this paper or follow this series

Generational Accounts

Contents:

Author Info

  • W.H. Buiter

Abstract

Are generational accounts informative about the effect of the budget on the intergenerational distribution of resources (when augmented with generation-specific propensities to consume out of life-time resources) on aggregate consumption and saving? The paper makes three points. First, the usefulness of generational accounts lives of dies with the strict life-cycle model of household consumption. Voluntary intergenerational gifts or liquidity constraints may therefore adversely affect or even destroy their informativeness. Second, even when the life cycle model holds, generational accounts only measure the effect of the budget on the life-time consumption of private goods and services. They ignore the inter-generational (re-)distribution associated with the government's provision of public goods and services. Third, generational accounting ignores the effect of the budget on before-tax and before-transfer quantities and prices, including before-tax and -transfer distribution of life-time resources across generational and intertemporal relative prices. That is, it does not handle incidence or general equilibrium repercussions very well. Although useful generational accounts should therefore carry the label "handle with great care".

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0237.

as in new window
Length:
Date of creation: Apr 1995
Date of revision:
Handle: RePEc:cep:cepdps:dp0237

Contact details of provider:
Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEP

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. André Masson, 2002. "Méthodes et usages des comptes générationnels : un regard décalé," Économie et Prévision, Programme National Persée, Programme National Persée, vol. 154(3), pages 1-24.
  2. Leon Bettendorf & A. Horst & N. Draper & C. Ewijk & R. Mooij & H. Rele, 2011. "Ageing and the Conflict of Interest Between Generations," De Economist, Springer, Springer, vol. 159(3), pages 257-278, September.
  3. A. Bovenberg & Harry Rele, 2000. "Generational Accounts for The Netherlands: An Update," International Tax and Public Finance, Springer, Springer, vol. 7(4), pages 411-430, August.
  4. Jérôme Accardo, 2002. "Une étude de comptabilité générationnelle pour la France en 1996," Économie et Prévision, Programme National Persée, Programme National Persée, vol. 154(3), pages 43-58.
  5. Marc Robinson, 2000. "Accrual Accounting And The Public Sector," School of Economics and Finance Discussion Papers and Working Papers Series, School of Economics and Finance, Queensland University of Technology 086, School of Economics and Finance, Queensland University of Technology.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:cep:cepdps:dp0237. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.