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Reply to Diamond's and Cutler's Reviews of Generational Accounting

  • Kotlikoff, Laurence J.
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    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.

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    Article provided by National Tax Association in its journal National Tax Journal.

    Volume (Year): 50 (1997)
    Issue (Month): 2 (June)
    Pages: 303-14

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    Handle: RePEc:ntj:journl:v:50:y:1997:i:no._2:p:303-14
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    1. Christopher D. Carroll, 1996. "Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis," NBER Working Papers 5788, National Bureau of Economic Research, Inc.
    2. Diamond, Peter, 1996. "Generational Accounts and Generational Balance: An Assessment," National Tax Journal, National Tax Association, vol. 49(4), pages 597-607, December.
    3. Altonji, Joseph G & Siow, Aloysius, 1987. "Testing the Response of Consumption to Income Changes with (Noisy) Panel Data," The Quarterly Journal of Economics, MIT Press, vol. 102(2), pages 293-328, May.
    4. Hayashi, Fumio & Altonji, Joseph & Kotlikoff, Laurence, 1996. "Risk-Sharing between and within Families," Econometrica, Econometric Society, vol. 64(2), pages 261-94, March.
    5. Joseph G. Altonji & Fumio Hayashi & Laurence J. Kotlikoff, 1989. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," NBER Working Papers 3046, National Bureau of Economic Research, Inc.
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