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Social security and Medicare policy from the perspective of generational accounting

Author

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  • Alan J. Auerbach
  • Jagadeesh Gokhale
  • Laurence J. Kotlikoff

Abstract

An application of the generational accounting method of fiscal policy analysis to projected spending paths for Social Security and Medicare suggesting that, under realistic assumptions for these programs, future generations as well as current young Americans could bear a significantly larger share of the burden of government spending than previously thought.

Suggested Citation

  • Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1992. "Social security and Medicare policy from the perspective of generational accounting," Working Papers (Old Series) 9206, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9206
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    References listed on IDEAS

    as
    1. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational Accounts: A Meaningful Alternative to Deficit Accounting," NBER Chapters, in: Tax Policy and the Economy, Volume 5, pages 55-110, National Bureau of Economic Research, Inc.
    2. Auerbach, Alan J & Gokhale, Jagadeesh & Kotlikoff, Laurence J, 1992. " Generational Accounting: A New Approach to Understanding the Effects of Fiscal Policy on Saving," Scandinavian Journal of Economics, Wiley Blackwell, vol. 94(2), pages 303-318.
    3. Henning, B., 1991. "The Sustainnability of Budget Deficit in a Stochastic Economy," Weiss Center Working Papers 17-91, Wharton School - Weiss Center for International Financial Research.
    4. Regina Villela Malvar & Laurence J. Kotlikoff & Willi Leibfritz, 1999. "Generational Accounting in Brazil," NBER Chapters, in: Generational Accounting around the World, pages 177-198, National Bureau of Economic Research, Inc.
    5. Henning Bohn, "undated". "The Sustainability of Budget Deficits in a Stochastic Economy (Revision of 6-90) (Reprint 014)," Rodney L. White Center for Financial Research Working Papers 17-91, Wharton School Rodney L. White Center for Financial Research.
    6. Bohn, Henning, 1995. "The Sustainability of Budget Deficits in a Stochastic Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(1), pages 257-271, February.
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