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Generational Accounts for the United States: An Update: Technical Paper 2000-1

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  • Jagadeesh Gokhale
  • Benjamin Page
  • Joan Potter
  • John Sturrock

Abstract

Although relatively new, generational accounting has been used in 26 countries to evaluate the generational stance of national fiscal policies. Generational accounting calculates the size of prospective net tax burdens and lifetime net tax rates that different generations face under current fiscal policy—information that standard budget presentations do not reveal. This method can also be used to calculate the policy changes required for achieving a generationally balanced and therefore sustainable fiscal policy—one that implies equal lifetime net tax rates on today’s

Suggested Citation

  • Jagadeesh Gokhale & Benjamin Page & Joan Potter & John Sturrock, 2000. "Generational Accounts for the United States: An Update: Technical Paper 2000-1," Working Papers 13339, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:13339
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    File URL: https://www.cbo.gov/sites/default/files/106th-congress-1999-2000/workingpaper/20001_0.pdf
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    References listed on IDEAS

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    1. Robert Haveman, 1994. "Should Generational Accounts Replace Public Budgets and Deficits?," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 95-111, Winter.
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    1. Manabu Shimasawa & Kazumasa Oguro & Minoru Masujima, 2014. "Population Aging, Policy Reforms, and Lifetime Net Tax Rate in Japan: A Generational Accounting Approach," Discussion papers ron258, Policy Research Institute, Ministry of Finance Japan.
    2. Marchiori, Luca, 2011. "Demographic trends and international capital flows in an integrated world," Economic Modelling, Elsevier, vol. 28(5), pages 2100-2120, September.

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