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Generational accounting: the case of Italy

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Author Info

  • Daniele Franco
  • Jagadeesh Gokhale
  • Luigi Guiso
  • Laurence J. Kotlikoff
  • Nicola Sartor

Abstract

An examination of the generational imbalance in current Italian fiscal policy, showing that unless dramatic steps are taken soon, future generations' net tax bill will be four or more times the amount that today's newborns are slated to pay.

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File URL: http://www.clevelandfed.org/research/Workpaper/1992/wp9208.pdf
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Bibliographic Info

Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9208.

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Date of creation: 1992
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Handle: RePEc:fip:fedcwp:9208

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Related research

Keywords: Italy ; Fiscal policy;

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References

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  1. 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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Citations

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Cited by:
  1. Nicola Sartor, 2001. "The Long-run Effects of the Italian Pension Reforms," International Tax and Public Finance, Springer, vol. 8(1), pages 83-111, January.
  2. Lorenzo Forni & Raffaela Giordano, 2001. "Funding a PAYG pension system: the case of Italy," Fiscal Studies, Institute for Fiscal Studies, vol. 22(4), pages 487-526., December.
  3. Paolo Pertile & Veronica Polin & Pietro Rizza & Marzia Romanelli, 2012. "Public finance consolidation and fairness across living generations: the case of Italy," Working Papers 04/2012, University of Verona, Department of Economics.
  4. Hans Fehr & Laurence J. Kotlikoff & Willi Leibfritz, 1999. "Generational Accounting in General Equilibrium," NBER Chapters, in: Generational Accounting around the World, pages 43-72 National Bureau of Economic Research, Inc.
  5. Tullio Jappelli & Franco Modigliani, 1998. "The Age-Saving Profile and the Life-Cycle Hypothesis," CSEF Working Papers 09, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
  6. Jappelli, Tullio, 1995. "Does social security reduce the accumulation of private wealth? Evidence from Italian survey data," Ricerche Economiche, Elsevier, vol. 49(1), pages 1-31, March.
  7. Jagadeesh Gokhale, 1996. "Demographic change, generational accounts, and national saving in the United States," Working Paper 9603, Federal Reserve Bank of Cleveland.
  8. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff & Erling Steigum, Jr., 1993. "Generational accounting in Norway: is the nation overconsuming its petroleum wealth?," Working Paper 9305, Federal Reserve Bank of Cleveland.

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