Generational Accounting is less than seven years old, but it has spread around the world, from Norway to New Zealand. So far, 19 countries have constructed or are currently constructing generational accounts. Most of these accounts have been produced by, or with the help of, government...

America's aging coupled with high and growing old–age health and pension benefits augers for much higher payroll taxes, with damaging effects on the U.S. economy. This prognosis is supported by our analysis of a detailed dynamic life–cycle general equilibrium model. The FairTax, which...

Social Security needs to be fundamentally reformed without undermining its legitimate mission — forcing people to save and insure and providing forms of social insurance that the private market would either not provide or provide poorly. Although the system has done great good, it is...

Takes a critical look at Administration and Congressional proposals to increase U.S. saving. Discusses why one should care about the rate of U.S. saving and describes the U.S. saving problem using corrected measures of the U.S. net national saving rate. Concludes with some alternative...