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Is Debt Neutral in the Life Cycle Model?

Kotlikoff, Laurence J. - 2010

This paper questions the widely accepted view that deficits have real effects in the life cycle model. Standard analyses of deficits within life cycle models treat the government as a dictatorial entity that can effect any intergenerational redistribution it desires. In contrast, this paper...

Persistent link: https://www.econbiz.de/10012760317

U.S. Inequality, Fiscal Progressivity, and Work Disincentives : An Intragenerational Accounting

Auerbach, Alan J. - 2016

rates, taking into account all major federal and state tax and transfer policies, d) evaluate the ability of current income … find that current income is a very poor proxy for remaining lifetime resources and that current-year net tax rates can …

Persistent link: https://www.econbiz.de/10012996890

Does the Consumption of Different Age Groups Move Together? a New Nonparametric Test of Intergenerational Altruism

Abel, Andrew B. - 2007

In recent years Robert Barro's (1974) ingenious model of inter- generational altruism has taken its place among the major theories of consumption and saving. Despite its policy importance, there have been few direct tests of the Barro model. This paper presents a new direct test that is based on...

Persistent link: https://www.econbiz.de/10012777218

Medicare from the Perspective of Generational Accounting

Gokhale, Jagadeesh; Kotlikoff, Laurence J. - 2022

U.S. policy changes and more optimistic fiscal forecasts have significantly improved the long-term fiscal prospects of the country. Nevertheless, these prospects remain dismal. Unless U.S. fiscal policy changes by a lot and very soon, our descendants will face rates of lifetime net taxation that...

Persistent link: https://www.econbiz.de/10014158133

Smart Machines and Long-Term Misery

Sachs, Jeffrey D. - 2012

Are smarter machines our children's friends? Or can they bring about a transfer from our relatively unskilled children … to ourselves that leaves our children and, indeed, all our descendants - worse off? This, indeed, is the dire message of …

Persistent link: https://www.econbiz.de/10013096141

Generational Accounts - a Meaningful Alternative to Deficit Accounting

Auerbach, Alan J.; Gokhale, Jagadeesh; Kotlikoff, … - 2022

This paper presents a set of generational accounts (GAS) that can be used to assess the fiscal burden current generations are placing on future generations. The GAS indicate the net present value amount that current and future generations are projected to pay to the government now and in the...

Persistent link: https://www.econbiz.de/10013323576

How Much Care Do the Aged Receive from Their Children? a Bimodal Picture of Contact and Assistance

Kotlikoff, Laurence J.; Morris, John N. - 2022

children and the institutionalized elderly seems the least of all. In addition, although many of the parents in our data are … very poor, financial support from children to parents, other than in the form of shared housing, is uncommon. The …This paper presents some preliminary findings about contact between the aged and their children based on a new survey …

Persistent link: https://www.econbiz.de/10013308492

Generational Policy

Kotlikoff, Laurence J. - 2021

Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter of the second edition of The Handbook of Public Economics...

Persistent link: https://www.econbiz.de/10013231998

Social Security : a Financial Appraisal Across and within Generations

Boskin, Michael J.; Kotlikoff, Laurence J.; Puffert, … - 2021

. All computations are made for the 1985 Social Security and income tax laws. The general results are that Social Security … internal rate of return on contributions ranges from negative numbers to 6.6% for households of different ages, income levels …, and marital status. These differences are far greater than the widely debated distributional affects of relevant income …

Persistent link: https://www.econbiz.de/10013244127

An International Comparison of Generational Accounts

Kotlikoff, Laurence J.; Leibfritz, Willi - 2021

This paper summarizes findings reported in a forthcoming NBER volume entitled 'Generational Accounting Around the World.' This volume includes generational accounting studies for 17 countries. The findings are shocking. The world's leading industrial powers - the U.S., Japan, and Germany - all...

Persistent link: https://www.econbiz.de/10013247261