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Generational Accounting Theory and Application

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ISBN-10: 3540422668

ISBN-13: 9783540422662

Edition: 2001

Authors: Holger Bonin

List price: $189.00
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Among the concepts used to assess the sustainability of fiscal policy in a changing demographic environment, generational accounting has become the most prominent. This book gives a complete and up-to-date introduction to the theory and practice of the method. It reveals deficiencies of the original residual concept and discusses various measures of intergenerational redistribution based on the recent sustainability approach to generational accounting. An application using data on German public finances serves to provide an in-depth explanation and practical illustration of the technique. The study develops new procedures to evaluate the fiscal externalities of migration and the…    
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Book details

List price: $189.00
Copyright year: 2001
Publisher: Springer Berlin / Heidelberg
Publication date: 8/28/2001
Binding: Hardcover
Pages: 268
Size: 6.10" wide x 9.25" long x 1.00" tall
Weight: 2.794
Language: English

The Rationale for Generational Accounting
Deficit Accounting and Generational Redistribution
Generational Redistribution and the Economy
An Overlapping Generations Model
The Fiscal Balance Rule
Net Taxes of Living Generations
Generational Accounts Deined
The Meaning of Net Taxes
The Projection of Taxes and Transfers
Accounting for Economic Growth
General Equilibrium Considerations
Breaking Down Generational Accounts
Ambiguities of Generational Accounts
The Intertemporal Public Budget
The Intertemporal Budget Constraint
Determinants of Government Wealth
The No-Ponzi Game Condition
The Mechanics of the Intertemporal Budget
Assessing Fiscal Imbalance
The Residual Approach
The Conventional Sustainability Index
Subgroup Accounts and Fiscal Sustainability
Sustainability and Generational Redistribution
Analytical Shortcomings of the Residual Approach
Ambiguous Policy Implications
Sensitivity to the Concept of Net Taxes
Fiscal Policy Indicators
The Sustainability Approach
The Sustainability Gap
A Set of Sustainability Indicators
The Intertemporal State of German Public Finances
The Demographic and Fiscal Scenarios
Demographic Scenarios
Relative Tax and Government Spending Proiles
Aggregate Budget and Absolute Net Tax Payments
The Future Economic Environment
Generational Redistribution in Germany
Net Tax Burdens of Present Generations
Intertemporal Fiscal Imbalance
Sensitivity Analysis
Immigration Policy and Fiscal Sustainability
Immigration and Generational Accounting
Migration Scenarios and Parameter Estimates
The Fiscal Contribution of Immigrants
Generational Accounts by Resident Group
Immigrant Cohort Deicits
The Sustainability Impacts of Immigration Policies
Options for Social Security Reform
Social Security and Fiscal Sustainability in Germany
The Measurement of Generational Reform Burdens
The Generational Impacts of Pension Reform
Reforming the Pay-as-you-go Pension System
Proposals for Partially Funded Pension Systems
Whither Generational Accounting?
Appendix: Proofs
Separability of Generational Accounts
Invariance of the Relative Fiscal Imbalance
Normal Reaction of Future Generational Accounts
Appendix: The Demographic Model
Appendix: German Public Sector Budgets