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Social security and Medicare policy from the perspective of generational accounting

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

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.

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Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9206.

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Date of creation: 1992
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Handle: RePEc:fip:fedcwp:9206
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  1. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational accounts: a meaningful alternative to deficit accounting," Working Paper 9103, Federal Reserve Bank of Cleveland.
  2. Henning Bohn, . "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.
  3. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational accounting: a new approach for understanding the effects of fiscal policy on saving," Working Paper 9107, Federal Reserve Bank of Cleveland.
  4. Bohn, Henning, 1995. "The Sustainability of Budget Deficits in a Stochastic Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(1), pages 257-71, February.
  5. 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.
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