Generational Accounting in Turkey

Damla Haciibrahimoglu () and Pınar Derin-Gure
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Damla Haciibrahimoglu: Department of Economics, METU

No 1301, ERC Working Papers from ERC - Economic Research Center, Middle East Technical University

Abstract: Generational Accounting (GA), developed by Auerbach. Gokhale and Kotlikoff (1991) is an alternative and dynamic method employed in measuring the impact of existing fiscal policies on current and future generations. In contrast to the traditional and static measures of fiscal sustainability, GA method reveals the intergenerational distribution of tax burden and helps identifying the policies that can alleviate the generational imbalance. This paper constructs and presents the first set of generational accounts for Turkey in an attempt to measure the generational gap and compare the Turkish intergenerational fiscal outlook to a number of developed and developing countries. Findings in the paper suggest that there exists a 24.3% fiscal imbalance to the disadvantage of future generations in Turkey. Several hypothetical policy experiments have been implemented in the paper to achieve the generational balance in Turkey.

Keywords: Generational Accounting; Fiscal Sustainability; Turkish Fiscal System (search for similar items in EconPapers)
JEL-codes: E62 H61 H62 J18 (search for similar items in EconPapers)
Pages: 59 pages
Date: 2013-01, Revised 2013-01
New Economics Papers: this item is included in nep-ara
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http://erc.metu.edu.tr/en/system/files/menu/series13/1301.pdf First version, 2013 (application/pdf)

Related works:
Journal Article: Generational Accounting in Turkey (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:met:wpaper:1301

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