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https://hdl.handle.net/10419/21161
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
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dc.contributor.author | Bonin, Holger | en |
dc.contributor.author | Abio, Gemma | en |
dc.contributor.author | Berenguer, Eduardo | en |
dc.contributor.author | Gil, Joan | en |
dc.contributor.author | Patxot, Concepció | en |
dc.date.accessioned | 2009-01-28T16:19:58Z | - |
dc.date.available | 2009-01-28T16:19:58Z | - |
dc.date.issued | 2001 | - |
dc.identifier.uri | http://hdl.handle.net/10419/21161 | - |
dc.description.abstract | According to the 2001 Spanish budgetary previsions, the government deficit is about todisappear. We analyse this matter within a generational accounting framework. Accounting forthe recent expansive phase of the economic cycle, we find that current fiscal policy is alsointertemporally balanced provided that the favourable present employment situation lasts.However, public finances remain under the pressure of the demographic cycle. Therefore, toachieve fiscal sustainability, the surpluses predicted for the next decades need to beaccumulated, in order to finance deficits appearing during the baby-boomers? retirement.The improvement of employment has played an important role in this situation. Weextend the standard generational accounting methodology incorporating tax and transfer ageprofiles by employment status. This permits us to analyse the possible intertemporal impact ofseveral future employment developments. In particular, we assess the fiscal effects of anexpected future increase in female labour force participation. We show that this trend does notnecessarily improve the intertemporal government budget, as social insurance in Spain is notactuarially fair. Finally, we also assess the impact of a decline in unemployment to the naturalrate of unemployment. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x306 | en |
dc.subject.jel | H55 | en |
dc.subject.jel | E62 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Generational accounting | en |
dc.subject.keyword | Spain | en |
dc.subject.keyword | fiscal policy | en |
dc.subject.keyword | labour market trends | en |
dc.subject.stw | Intergenerative Belastungsrechnung | en |
dc.subject.stw | Haushaltsdefizit | en |
dc.subject.stw | Finanzpolitik | en |
dc.subject.stw | Beschäftigung | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | Spanien | en |
dc.title | Is the Deficit under Control? | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 843891246 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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