Reply to Diamond's and Cutler's Reviews of Generational Accounting
Generational Accounting is less than seven years old, but it has spread around the world, from Norway to New Zealand. So far, 19 countries have constructed or are currently constructing generational accounts. Most of these accounts have been produced by, or with the help of, government ministries. This growing use of generational accounting makes its scrutiny of more than academic importance. This article replies to Peter Diamond's and David Cutler's thoughtful critiques of generational accounting.
Volume (Year): 50 (1997)
Issue (Month): 2 (June)
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- Christopher D. Carroll, 1997. "Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis," The Quarterly Journal of Economics, Oxford University Press, vol. 112(1), pages 1-55.
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