Is War Between Generations Inevitable?
Friday, November 30, 2001
by Jagadeesh Gokhale and Laurence J. Kotlikoff
Table of Contents
- Executive Summary
- The Perfect Fiscal Storm
- What Color Is the Ink?
- The CBO's Fiscal Fantasy
- A Spending Reality Check
- Social Security's Long-Term Funding Shortfall
- How Valid Are the Social Security Trustees' Future Projections?
- Medicare's Long-Term Funding Imbalance
- Are Medicare's Trustees To Be Trusted?
- Social Security's and Medicare's Long-Term Finances: A Summary
- Generational Accounting
- Taking a Closer Look at Generational Accounts
- Policies to Achieve Generational Equity
- About the Authors
David M. Cutler and Louise Sheiner, "Generational Aspects of Medicare," The American Economic Review, 90 (2), May 2000, 303-7.
Jagadeesh Gokhale and Laurence J. Kotlikoff, "Faulty Assumptions: The Crack in the Budget Façade," The Milken Institute Review, First Quarter 2001a, 24-32b.
Jagadeesh Gokhale, Laurence J. Kotlikoff and Todd Neuman, "Does Participating in a 401(k) Raise Your Lifetime Taxes?" NBER Working Paper No. 8341, June 2001b.
Laurence J. Kotlikoff, "Generational Policy," in Alan J. Auerbach and Martin Feldstein, eds., The Handbook of Public Economics, Second Edition, forthcoming, North Holland, 2002.
Laurence J. Kotlikoff, Kent Smetters and Jan Walliser, "Finding a Way Out of America's Demographic Dilemma," NBER Working Paper No. 8258, April 2001.