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| Author: | Buitler, W. |
| Title: | Generational accounts, aggregate savings and intergenerational distribution |
| Journal: | Economica
1997 : NOV, VOL. 64:256, p. 605-626 |
| Index terms: | ACCOUNTS SAVINGS DISTRIBUTION INTERNATIONAL |
| Language: | eng |
| Abstract: | Are generational accounts informative about the effect of the budget on the intergenerational distribution of resources and on aggregate saving? First, the usefulness of generational accounts lives or dies with the strict life-cycle model of household consumption. Second, even if the life-cycle model holds, generational accounts ignore the intergenerational redistribution associated with the government's provision of public goods and services and with intergenerational externalities. |
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