Börstinghaus, Volker; Hirte, Georg - In: FinanzArchiv: Public Finance Analysis 58 (2001) 3, pp. 227-227
Generational Accounting is only a shortcut to a general equilibrium analysis because it is assumed that individual decisions are unaffected by policy reforms. Nonetheless only two studies examine the accuracy of Generational Accounting, but Fehr and Kotlikoff (1996) consider changes in...