Wir durchleben heute in Deutschland eine Phase großer Veränderungen, die eine Neuorientierung in Staat und Gesellschaft erfordern. Vor allem sind es demographische Wandlungstendenzen, die jetzt und in Zukunft beachtliche Herausforderungen für alle Bereiche unseres Gemeinwesens bedeuten. Es...

This paper presents the first set of generational accounts prepared for France, illustrating the impact on different generations of current policy settings. It was developed using age profiles of taxes and transfers drawn from a 1990 survey and recent demographic projections. The results...

With pay-as-you-go schemes in place, population aging will impose a heavy fiscal burden on young and future cohorts. However, these cohorts may also profit from larger inheritances as the number of heirs declines. The aim of this paper is to explore the compensating potential of private...

This paper updates existing measures of the U.S. fiscal gap to include federal laws up to and including the mid-December 2010 federal fiscal stimulus. It then applies the methodology of generational accounting to establish how the burden of adjustment required to attain fiscal sustainability is...

The paper assesses the United Kingdom''s golden rule and debt rule against ""ideal characteristics"" of fiscal rules. It concludes that they are clearly defined; transparent in institutional arrangements and measurement; adequate to ensure sustainability; and strike a good balance between...