Generational Accounting

Focusing on generational accounting, this book offers a comprehensive introduction to its theory and application in assessing fiscal policy sustainability amid demographic changes. It critiques the original residual concept and presents new measures of intergenerational redistribution. Utilizing German public finance data, the text illustrates practical applications and introduces innovative methods for evaluating fiscal externalities linked to migration and Social Security reform. This resource is essential for analysts and scholars interested in intertemporal redistribution through fiscal policy.