| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5090 |
| 来源ID | Working Paper 5090 |
| Generational Accounting in General Equilibrium | |
| Hans Fehr; Laurence J. Kotlikoff | |
| 发表日期 | 1995-04-01 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | This paper shows how changes in generational accounts relate to the generational incidence of fiscal policy. To illustrate the relationship, it uses the Auerbach-Kotlikoff Dynamic Life-Cycle Simulation Model to compare policy-induced changes in generational accounts with actual changes in generations' utilities. The paper considers a wide range of policies in closed and small open economies as well as economies with and without capital adjustment costs. In general, changes in generational accounts appear to provide fairly good approximations to generations' actual changes in utilities. The approximations are better for living generations. They are worse for policies that involve significant changes in the degree of tax progressivity and for economies with sizable capital- adjustment costs. Finally, generational accounting needs to be adjusted in the case of small open economies to take into account the fact that the incidence of corporate taxation is on labor. The method of adjustment is simply to allocate changes in corporate tax revenues to generations in proportion to their changes in labor supply. |
| 主题 | Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w5090 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562525 |
| 推荐引用方式 GB/T 7714 | Hans Fehr,Laurence J. Kotlikoff. Generational Accounting in General Equilibrium. 1995. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5090.pdf（459KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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