Generational accounting is a method of accounting for redistribution of lifetime tax burdens across generations from social insurance, including social security and social health insurance. It goes beyond conventional government budget measures, such the national debt and budget deficits, by accounting for projected future net taxes that may not be reflected in a pay-as-you-go system of social insurance. The latter includes only current outlays for retirees financed by current taxes. Uses include projecting future taxes and outlays from different prospective current policies. For example, if a fall in labor-force growth from an earlier fall in the birth rate is projected to increase the proportion of retirees to the labor force, generational accounting might examine different projected changes in taxes or program benefits to finance the change.[1]
Laurence J. Kotlikoff (1992). Generational Accounting: Knowing Who Pays, and When, for What We Spend, The Free Press.
Alan J. Auerbach, Jagadeesh Gokhale and Laurence J. Kotlikoff (1994). "Generational Accounting: A Meaningful Way to Evaluate Fiscal Policy ," Journal of Economic Perspectives, 8(1) , pp. 73-94.
Robert Haveman (1994). "Should Generational Accounts Replace Public Budgets and Deficits?" Journal of Economic Perspectives, 8(1), pp. 95-111.
Laurence J. Kotlikoff and Bernd Raffelhüschen (1999). "Generational Accounting around the Globe," American Economic Review, 89(2), pp. 161-166.
Willem H. Buiter (1997). "Generational Accounts, Aggregate Saving and Intergenerational Distribution," Economica, N.S., 64(256) , pp. 605-626.
Alan J. Auerbach, Laurence J. Kotlikoff, and Willi Leibfritz (1999). Generational Accounting Around the World. 534 pp. Preview.
Holger Bonin (2001)). Generational Accounting: Theory and Application. Springer. Preview.
World Bank (2001). "Generational Accounting." as lecture outline. Simple as ABC.
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