Due to demographic change, the fiscal sustainability of pension schemes financed on a pay-as-you-go (PAYGO) basis is of … international System of National Accounts (2008 SNA), we present a simple framework for accounting of paygo pension schemes using … workers’ and pensioners’ net liabilities (CWL). Applying this accounting framework using both definitions of liabilities to …

We present a framework for accounting of the German statutory pension scheme and estimate a balance sheet for the years … rate of return is mainly financed by increasing contributions and by changing the liabilities not backed by assets …

The transition from cash to accrual accounting is said to change a government's perception of its budget quite … fundamentally. Although an exorbitant number of governments have reformed the mode of accounting at high costs in past years … accounting reform based on econometric analyses seems to be emerging. …

(SGDs) are presented, and the disclosed information on the extent to which climate-change related risks are integrated in …

We address how value relevance of accounting information evolved as the new economy developed. Prior research concludes … accounting information—primarily earnings—has lost relevance. We consider more accounting amounts and find no decline in combined … price and accounting information that reflects the new economy …

rate. Moreover, we allow the contributions rate O to be negative as well. In the case of a negative O, the retired …