IDEAS home Printed from https://ideas.repec.org/a/cai/recosp/reco_534_0719.html
   My bibliography  Save this article

Application de la méthode de la comptabilité générationnelle à la France. Quelques facteurs d'instabilité des résultats

Author

Listed:
  • Carole Bonnet

Abstract

Generational accounting, initiated in the early 90’s, intends to take the government long term financial liabilities into account. Indeed, these are not included in the standard measure of the budget deficit. Our calculations, using this technique, indicate that French generational policy is imbalanced against future generations. Current policies in France can not be sustained without requiring future generations to pay higher net taxes over their lifetime than current generations pay. If this generational imbalance, mainly resulting from demographic evolutions, is not contested, its precise size would depend on a great number of assumptions. The purpose of this paper is to highlight the impact of these assumptions, by comparing the different French studies using generational accounting. We show that the generational imbalance may vary from 1 to 4, according to the assumptions relative to the age and sex profiles of taxes and transfers, the treatment of the debt interest payment, the distribution of education expenditures, the treatment of governments’s investment spendings, the measure of the net wealth of the government, and the evolution of age and sex profiles of taxes and transfers. Classification JEL : E62, H55, H60, J18, M40

Suggested Citation

  • Carole Bonnet, 2002. "Application de la méthode de la comptabilité générationnelle à la France. Quelques facteurs d'instabilité des résultats," Revue économique, Presses de Sciences-Po, vol. 53(4), pages 719-766.
  • Handle: RePEc:cai:recosp:reco_534_0719
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=RECO_534_0719
    Download Restriction: free

    File URL: http://www.cairn.info/revue-economique-2002-4-page-719.htm
    Download Restriction: free

    Other versions of this item:

    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters,in: This Time Is Different: Eight Centuries of Financial Folly Princeton University Press.
    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," Annals of Economics and Finance, Society for AEF, vol. 15(2), pages 1065-1188, November.
    3. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "The Aftermath of Financial Crises," American Economic Review, American Economic Association, pages 466-472.
    4. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, pages 573-578.
    5. Reinhart, Karmen & Rogoff, Kenneth, 2009. ""This time is different": panorama of eight centuries of financial crises," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 77-114, March.
    6. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(3), pages 291-299, September.
    7. Oskar Morgenstern, 1959. "International Financial Transactions and Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number morg59-1, January.
    8. Willard Long Thorp, 1926. "Prefatory Note," NBER Chapters,in: Business Annals, pages 101-106 National Bureau of Economic Research, Inc.
    9. Michael D. Bordo & Antu P. Murshid, 2000. "Are Financial Crises Becoming Increasingly More Contagious? What is the Historical Evidence on Contagion?," NBER Working Papers 7900, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Akiko Suwa-Eisenmann & Jérôme Bourdieu & Antoine Bommier & Stéphane Zuber, 2007. "Le développement des transferts publics d'éducation et d'assurance vieillesse par génération en France : 1850-2000," Économie et Prévision, Programme National Persée, vol. 180(4), pages 1-17.

    More about this item

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_534_0719. 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: (Jean-Baptiste de Vathaire). General contact details of provider: http://www.cairn.info/revue-economique.htm .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.