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Generational Accounting in Nordic Countries


  • Carl E. Gjersem


On February 23, 2001 a workshop on «Generational Accounting in the Nordic Countries» was held in Reykjavik, Iceland, arranged jointly by the Institute of Economic Studies at the University of Iceland and the Ministry of Finance in Norway. This paper describes the main ideas in generational accounting, and gives an overview of results from the papers presented in the workshop. Finally, it sums up some important lessons and remaining challenges in generational accounting and for the sustainability of fiscal policy.

Suggested Citation

  • Carl E. Gjersem, 2002. "Generational Accounting in Nordic Countries," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 28, pages 3-11.
  • Handle: RePEc:noj:journl:v:28:y:2002:p:3-11

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    References listed on IDEAS

    1. Auerbach, A.J. & Gokhale, J. & Kotlikoff, L.J. & Steigum, E.Jr., 1993. "Generational Accounting in Norway: Is Norway Overconsuming its Petroleum Wealth?," Papers 06-93, Norwegian School of Economics and Business Administration-.
    2. Robert P. Hagemann & Christoph John & Willi Leibfritz, 1999. "Generational Accounts in Sweden," NBER Chapters,in: Generational Accounting around the World, pages 397-412 National Bureau of Economic Research, Inc.
    3. Willi Leibfritz & Deborah Roseveare & Douglas Fore & Eckhard Wurzel, 1995. "Ageing Populations, Pension Systems and Government Budgets: How Do They Affect Saving?," OECD Economics Department Working Papers 156, OECD Publishing.
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    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H4 - Public Economics - - Publicly Provided Goods
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • J1 - Labor and Demographic Economics - - Demographic Economics


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