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Generational accounts for the United States: an update


  • Jagadeesh Gokhale
  • Benjamin R. Page
  • John R. Sturrock


An examination of the continuing generational imbalance in U.S. fiscal policy, showing that under current policy, future generations will have to pay almost half of their lifetime labor incomes in net taxes to balance the government's book--more than 70% greater than the 28.6% today's newborns are slated to give up.

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  • Jagadeesh Gokhale & Benjamin R. Page & John R. Sturrock, 1997. "Generational accounts for the United States: an update," Economic Review, Federal Reserve Bank of Cleveland, issue Q IV, pages 2-23.
  • Handle: RePEc:fip:fedcer:y:1997:i:qiv:p:2-23

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    References listed on IDEAS

    1. 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.
    2. Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1992. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," American Economic Review, American Economic Association, vol. 82(5), pages 1177-1198, December.
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    Cited by:

    1. Carole Bonnet, 2002. "Comptabilité générationnelle appliquée à la France : quelques facteurs d'instabilité des résultats," Économie et Prévision, Programme National Persée, vol. 154(3), pages 59-78.

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