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Generational accounting in Norway: is the nation overconsuming its petroleum wealth?

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Author Info

  • Alan J. Auerbach
  • Jagadeesh Gokhale
  • Laurence J. Kotlikoff
  • Erling Steigum, Jr.

Abstract

An examination of the generational imbalance in current Norwegian fiscal policy, showing that despite the government's net wealth, future Norwegians could be facing lifetime net tax burdens twice as large as those confronting today's children.

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File URL: http://www.clevelandfed.org/Research/Workpaper/1993/wp9305.pdf
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Bibliographic Info

Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9305.

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Date of creation: 1993
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Handle: RePEc:fip:fedcwp:9305

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Keywords: Fiscal policy ; Norway;

References

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  1. Daniele Franco & Jagadeesh Gokhale & Luigi Guiso & Laurence J. Kotlikoff & Nicola Sartor, 1992. "Generational accounting: the case of Italy," Working Paper 9208, 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. Steigum, E. & Thogersen, O., 1992. "Petroleum Wealth, Debt Policy and Intergenerational Welfare: The Case of Norway," Papers 09-92, Norwegian School of Economics and Business Administration-.
  4. Steigum, E.Jr., 1992. "Accounting for Long-Run Effects of Fiscal Policy by Means of Computable Overlapping Generations Models," Papers 05-92, Norwegian School of Economics and Business Administration-.
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Cited by:
  1. Christian Hagist & Bernd Raffelhüschen & Alf Erling Risa & Erling Vårdal, 2013. "Long-Term Fiscal Effects of Public Pension Reform in Norway – A Generational Accounting Analysis," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 38, pages 2.
  2. Hagist, Christian & Raffelhüschen, Bernd & Risa, Alf Erling & Vårdal, Erling, 2011. "Long-term fiscal effects of public pension reform in Norway: A generational accounting analysis," FZG Discussion Papers 49, Research Center for Generational Contracts (FZG), University of Freiburg.
  3. Jagadeesh Gokhale, 1996. "Demographic change, generational accounts, and national saving in the United States," Working Paper 9603, Federal Reserve Bank of Cleveland.

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