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The Generation Game: All Gain No Pain? Ageing, Intergenerational Equity and Generational Accounts

Author

Listed:
  • Cathal O'Donoghue

    (Department of Economics, National University of Ireland, Galway)

Abstract

This paper tries to quantify the degree of intergenerational redistribution in Irish public expenditure. The development of a large public debt in the space of two decades, its rapid elimination and potential rise again in the next decades due to demographic changes is likely to result in an intergenerational transfer of resources. The paper utilises a database of public expenditure, together with the age incidence distribution of public expenditure to examine the generational net beneficiaries of public spending programs since the foundation of the state in 1921. Demographic and alternative economic scenarios are considered to estimate the lifetime net benefit from public expenditure. Finally the sustainability of current expenditure is examined through the creation of generational accounts.

Suggested Citation

  • Cathal O'Donoghue, 2002. "The Generation Game: All Gain No Pain? Ageing, Intergenerational Equity and Generational Accounts," Working Papers 0059, National University of Ireland Galway, Department of Economics, revised 2002.
    • Handle: RePEc:nig:wpaper:0059
    as

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    File URL: http://www.economics.nuig.ie/resrch/paper.php?pid=64
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    File URL: http://www.economics.nuig.ie/resrch/paper.php?pid=64
    File Function: Revised version, 2002
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    More about this item

    Keywords

    Public Expenditure; Intergenerational Redistribution;

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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