Measuring fiscal sustainability on the municipal level: A German case study
AbstractThe consequences of ageing populations for federal and state fiscal policies are, due to the research efforts of the last two decades, well known. However, it is rather less well known how the municipal level is affected. Therefore, by using a modification of the sustainability definition formulated by Blanchard, Chouraqui, Hagemann, and Sartor (1990) and the concepts of Auerbachs, Kotlikoffs and Gokhales Generational Accounting (1991) we define a new framework focusing on capital stock, financial management and depreciation of municipal assets. This papers purpose is to deliver a concept which is able to provide sound indicators for long-term budgeting by local authorities. We apply this framework to three German cities with different typologies, Munich, Freiburg and Schwäbisch Hall. --
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Research Center for Generational Contracts (FZG), University of Freiburg in its series FZG Discussion Papers with number 35.
Date of creation: 2009
Date of revision:
Contact details of provider:
Postal: Kollegiengebäde II, Platz der Alten Synagoge, 79085 Freiburg
Phone: +49 +761 / 203 2301
Fax: +49 +761 / 203 2303
Web page: http://www.generationenvertraege.de/
More information through EDIRC
Fiscal sustainability; demographic transition; municipalities;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Muellbauer, John, 1992. " Generational Accounting: A New Approach to Understanding the Effects of Fiscal Policy on Saving: Comment," Scandinavian Journal of Economics, Wiley Blackwell, vol. 94(2), pages 319-22.
- Jens Lundsgaard, 2005. "Ageing, Welfare Serviced and Municipalities in Finland," OECD Economics Department Working Papers 428, OECD Publishing.
- Benny Geys & Friedrich Heinemann & Alexander Kalb, 2008.
"Local Governments in the Wake of Demographic Change: Evidence from German Municipalities,"
FinanzArchiv: Public Finance Analysis,
Mohr Siebeck, Tübingen, vol. 64(4), pages 434-457, December.
- Geys, Benny & Heinemann, Friedrich & Kalb, Alexander, 2008. "Local governments in the wake of demographic change: evidence from German municipalities," Discussion Papers, Research Unit: Market Processes and Governance SP II 2008-19, Social Science Research Center Berlin (WZB).
- Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1994. "Generational Accounting: A Meaningful Way to Evaluate Fiscal Policy," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 73-94, Winter.
- Britta Baum & Helmut Seitz & Andrej Worobjew, 2002. "Der Einfluss der Alters- und Familienstrukturen auf die Ausgaben der Länder und Gemeinden," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 71(1), pages 147-162.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics).
If references are entirely missing, you can add them using this form.