Do We Treat Future Generations Fairly? Italian Fiscal Policy Through the Prism of Generational Accounting
We provide an estimate of the burden that current policies impose to present and future generations of Italians. Based on our computations, we argue that current fiscal policies are neither financially sustainable nor fair to future generations, due to the generous treatment awarded to past and currently-living cohorts. We discuss some policy options which could potentially restore sustainability while at the same time improving intergenerational justice. Our analysis is also meant to contribute to an assessment of Italian fiscal policy in the last decade. In particular, confronting our findings with those of previous studies, we argue that in the last ten years neither sustainability nor fairness have improved
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Volume (Year): 69 (2010)
Issue (Month): 2 (July)
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