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Generational accounts answer the simple question of how much future generations will have to pay in net taxes as compared to today's generations. This paper briefly reviews the concept of generational accounting and provides estimates for Sweden, where public finances deteriorated significantly after 1990. The results suggest that the measures adopted since 1994 should improve dramatically the relative position of future generations, who may nevertheless be expected to face large net tax bills., I. INTRODUCTION In recent years, the concept of generational accounting has emerged as yet another approach to assessing fiscal policy. Generational accounts have stirred considerable debate among analysts as to [...]

Aging Populations and the Pressure on Pensions By the end of the first quarter of the next century, the number of workers for each retired person could fall from five [...]