Generational accounts for the United States: an update

Jagadeesh Gokhale, Benjamin R. Page and John R. Sturrock

Economic Review, 1997, issue Q IV, 2-23

Abstract: An examination of the continuing generational imbalance in U.S. fiscal policy, showing that under current policy, future generations will have to pay almost half of their lifetime labor incomes in net taxes to balance the government's book--more than 70% greater than the 28.6% today's newborns are slated to give up.

Date: 1997
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