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Generational Accounts for The Netherlands: An Update

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  • A. Bovenberg
  • Harry Rele

Abstract

This paper extends the standard generational accounting methodologyby incorporating prospective changes in the economic environment,assigning the benefits of government purchases to generations,distinguishing between public consumption and public investment,and transforming the generational accounts into government budgets.It applies the methodology to the Netherlands. An expected increasein labor-force participation almost offsets the adverse effectof aging on the sustainability of the Dutch public finances.Since the rise in labor-force participation occurs before thebulk of the aging, the government will have to run sizable fiscalsurpluses in the next decades in order to create the budgetaryroom for higher age-related government expenditures in laterdecades. Copyright Kluwer Academic Publishers 2000

Suggested Citation

  • A. Bovenberg & Harry Rele, 2000. "Generational Accounts for The Netherlands: An Update," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 7(4), pages 411-430, August.
  • Handle: RePEc:kap:itaxpf:v:7:y:2000:i:4:p:411-430
    DOI: 10.1023/A:1008764817946
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    Citations

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    Cited by:

    1. Alan J. Auerbach & Young Jun Chun & Ilho Yoo, 2005. "The Fiscal Burden of Korean Reunification: A Generational Accounting Approach," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 61(1), pages 1-62, March.
    2. Nick Draper & Alex Armstrong, 2007. "GAMMA; a simulation model for ageing, pensions and public finances," CPB Document 147, CPB Netherlands Bureau for Economic Policy Analysis.
    3. Jeroen J. M. Kremers, 2002. "Pension Reform: Issues in the Netherlands," NBER Chapters,in: Social Security Pension Reform in Europe, pages 291-316 National Bureau of Economic Research, Inc.
    4. Marike Knoef & Rob Alessie & Adriaan Kalwij, 2013. "Changes in the Income Distribution of the Dutch Elderly between 1989 and 2020: a Dynamic Microsimulation," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 59(3), pages 460-485, September.
    5. Laurence J. Kotlikoff, 2007. "Comment on "Population Aging, Fiscal Policies, and National Saving: Predictions for the Korean Economy"," NBER Chapters,in: Fiscal Policy and Management in East Asia, NBER-EASE, Volume 16, pages 372-373 National Bureau of Economic Research, Inc.
    6. Young Jun Chun, 2006. "Population Aging, Fiscal Policies, and National Saving: Predictions for Korean Economy," NBER Working Papers 12265, National Bureau of Economic Research, Inc.

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