skip to content
Generational accounts, aggregate saving and intergenerational distribution Preview this item
ClosePreview this item
Checking...

Generational accounts, aggregate saving and intergenerational distribution

Author: Willem H Buiter; National Bureau of Economic Research.
Publisher: Cambridge, MA : National Bureau of Economic Research, ©1995.
Series: Working paper series (National Bureau of Economic Research), working paper no. 5087.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Abstract: Are generational accounts informative about the effect of the budget on the intergenerational distribution of resources and (when augmented with generation-specific propensities to consume out of life-time resources) on aggregate consumption and saving? The paper makes three points. First, the usefulness of generational accounts lives or dies with the strict life-cycle model of household consumption.  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Willem H Buiter; National Bureau of Economic Research.
OCLC Number: 51330711
Notes: "April 1995."
Description: 1 online resource (39 pages).
Series Title: Working paper series (National Bureau of Economic Research), working paper no. 5087.
Responsibility: Willem H. Buiter.

Abstract:

Abstract: Are generational accounts informative about the effect of the budget on the intergenerational distribution of resources and (when augmented with generation-specific propensities to consume out of life-time resources) on aggregate consumption and saving? The paper makes three points. First, the usefulness of generational accounts lives or dies with the strict life-cycle model of household consumption. Voluntary intergenerational gifts or liquidity constraints may therefore adversely affect or even destroy their informativeness. Second, even when the life-cycle model holds, generational accounts only measure the effect of the budget on the lifetime consumption of private goods and services. They ignore the intergenerational (re- )distribution associated with the government's provision of public goods and services. Third, generational accounting ignores the effect of the budget on before-tax and before-transfer quantities and prices, including before-tax and -transfer distribution of life-time resources across generations and intertemporal relative prices. That is, it does not handle incidence or general equilibrium repercussions very well. Although useful, generational accounts should therefore carry the label 'handle with great care.'

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/51330711> # Generational accounts, aggregate saving and intergenerational distribution
    a schema:Book, schema:CreativeWork, schema:MediaObject ;
   library:oclcnum "51330711" ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/8119081#Place/cambridge_ma> ; # Cambridge, MA
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   schema:about <http://experiment.worldcat.org/entity/work/data/8119081#Topic/gezinshuishoudingen> ; # Gezinshuishoudingen
   schema:about <http://id.worldcat.org/fast/895598> ; # Distribution (Economic theory)--Mathematical models
   schema:about <http://id.worldcat.org/fast/1105969> ; # Saving and investment--Mathematical models
   schema:about <http://id.loc.gov/authorities/subjects/sh2008111199> ; # Saving and investment--Mathematical models
   schema:about <http://experiment.worldcat.org/entity/work/data/8119081#Topic/leeftijdsgroepen> ; # Leeftijdsgroepen
   schema:about <http://id.loc.gov/authorities/subjects/sh2009122969> ; # Debts, Public--Mathematical models
   schema:about <http://id.worldcat.org/fast/888872> ; # Debts, Public--Mathematical models
   schema:about <http://experiment.worldcat.org/entity/work/data/8119081#Topic/distribution_economic_theory_mathematical_models> ; # Distribution (Economic theory)--Mathematical models
   schema:about <http://id.worldcat.org/fast/876463> ; # Consumption (Economics)--Mathematical models
   schema:about <http://id.loc.gov/authorities/subjects/sh94002146> ; # Consumption (Economics)--Mathematical models
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/127108210> ; # National Bureau of Economic Research.
   schema:copyrightYear "1995" ;
   schema:creator <http://experiment.worldcat.org/entity/work/data/8119081#Person/buiter_willem_h_1949> ; # Willem H. Buiter
   schema:datePublished "1995" ;
   schema:description "Abstract: Are generational accounts informative about the effect of the budget on the intergenerational distribution of resources and (when augmented with generation-specific propensities to consume out of life-time resources) on aggregate consumption and saving? The paper makes three points. First, the usefulness of generational accounts lives or dies with the strict life-cycle model of household consumption. Voluntary intergenerational gifts or liquidity constraints may therefore adversely affect or even destroy their informativeness. Second, even when the life-cycle model holds, generational accounts only measure the effect of the budget on the lifetime consumption of private goods and services. They ignore the intergenerational (re- )distribution associated with the government's provision of public goods and services. Third, generational accounting ignores the effect of the budget on before-tax and before-transfer quantities and prices, including before-tax and -transfer distribution of life-time resources across generations and intertemporal relative prices. That is, it does not handle incidence or general equilibrium repercussions very well. Although useful, generational accounts should therefore carry the label 'handle with great care.'"@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/8119081> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/8119081#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/8119081#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:name "Generational accounts, aggregate saving and intergenerational distribution"@en ;
   schema:productID "51330711" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/51330711#PublicationEvent/cambridge_ma_national_bureau_of_economic_research_1995> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/8119081#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://papers.nber.org/papers/w5087> ;
   schema:url <http://papers.nber.org/> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/51330711> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/8119081#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/8119081#Person/buiter_willem_h_1949> # Willem H. Buiter
    a schema:Person ;
   schema:birthDate "1949" ;
   schema:familyName "Buiter" ;
   schema:givenName "Willem H." ;
   schema:name "Willem H. Buiter" ;
    .

<http://experiment.worldcat.org/entity/work/data/8119081#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/51330711> ; # Generational accounts, aggregate saving and intergenerational distribution
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/8119081#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/51330711> ; # Generational accounts, aggregate saving and intergenerational distribution
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/8119081#Topic/distribution_economic_theory_mathematical_models> # Distribution (Economic theory)--Mathematical models
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh85038544> ;
   schema:name "Distribution (Economic theory)--Mathematical models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/8119081#Topic/gezinshuishoudingen> # Gezinshuishoudingen
    a schema:Intangible ;
   schema:name "Gezinshuishoudingen"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh2008111199> # Saving and investment--Mathematical models
    a schema:Intangible ;
   schema:name "Saving and investment--Mathematical models"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh2009122969> # Debts, Public--Mathematical models
    a schema:Intangible ;
   schema:name "Debts, Public--Mathematical models"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh94002146> # Consumption (Economics)--Mathematical models
    a schema:Intangible ;
   schema:name "Consumption (Economics)--Mathematical models"@en ;
    .

<http://id.worldcat.org/fast/1105969> # Saving and investment--Mathematical models
    a schema:Intangible ;
   schema:name "Saving and investment--Mathematical models"@en ;
    .

<http://id.worldcat.org/fast/876463> # Consumption (Economics)--Mathematical models
    a schema:Intangible ;
   schema:name "Consumption (Economics)--Mathematical models"@en ;
    .

<http://id.worldcat.org/fast/888872> # Debts, Public--Mathematical models
    a schema:Intangible ;
   schema:name "Debts, Public--Mathematical models"@en ;
    .

<http://id.worldcat.org/fast/895598> # Distribution (Economic theory)--Mathematical models
    a schema:Intangible ;
   schema:name "Distribution (Economic theory)--Mathematical models"@en ;
    .

<http://viaf.org/viaf/127108210> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.