Generational equity and sustainability in U.S. fiscal policy

Jagadeesh Gokhale

Economic Commentary, 1998, issue Apr

Abstract: If U.S. spending goes as projected, future generations will give up almost half their lifetime labor income to balance the government's books. After showing that current policy is not sustainable, this article reports the size and timing of the changes necessary to make it so.

Keywords: Fiscal policy; Taxation (search for similar items in EconPapers)
Date: 1998
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