Lifetime Generational Accounts for the Netherlands

Time: 2011, Tuesday February 1, 13.00-14.00 hours
Location: CPB-office, Van Stolkweg 14, The Hague

Presentation: Harry ter Rele (CPB)

Discussant: Bas Jacobs (EUR)

Language: English

Registration:  Please register by sending an email to seminars@cpb.nl.

Abstract subject: Conventional Generational Accounting calculates the future net benefits that average members of each generation have from the government. It ignores the past. This paper extends these calculations for the Netherlands by including past net benefits as well for the cohorts born as from 1946, leading to comparable results for all post war cohorts. It turns out that the cohorts born between 1960 and 1990 are the largest beneficiaries. The least well off are the ones born right after the war. A second contribution of this paper is that it uses a more comprehensive benefit concept than other Generational Accounting studies. This extension turns out to be the main driver of the differences in outcome between generations.

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