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...

This study provides a comprehensive analysis of the generational wealth transfer within Sweden's public pay-as-you-go pension system introduced in 1960. Using extensive administrative registers, the paper quantifies the contributions made and benefits received by each birth cohort. The findings...

Die Debatte um die Zukunft der Alterssicherung will nicht abebben. Und das trotz des tiefsten Kriseneinbruchs in der Geschichte der Bundesrepublik. Das mag auf den ersten Blick verwundern – doch der innere Zusammenhang zwischen Krisendebatte und der Zukunft der Alterssicherung ist nicht zu...