This paper uses a new large-scale dynamic simulation model to compare the equity, efficiency, and macroeconomic effects of five alternatives to the current U.S. federal income tax.
An analysis of the changes since 1960 in the share of Americans’ resources that are annuitized, which has declined slightly for younger Americans but has risen dramatically for the elderly.
This paper uses generational accounting to assess Norway’s fiscal position. Generational accounting measures the remaining lifetime net tax burdens facing different living generations.
Our previous study (Auerbach, Gokhale, and Kotlikoff [1991]) introduced the concept of generational accounting, a method of determining how the burden of fiscal policy falls on different generations.
This paper presents a set of generational accounts that can be used to assess the fiscal burden that current generations are placing on future generations.
Fundamental tax reform remains a hot topic, for reasons that should come as no surprise. The current U.S. tax structure is complex, distortionary, and replete with tax preferences.
Despite recent attempts to impose discipline on the federal budget-making process, federal budget deficits have continued to escalate over the past several years.
