Generational Accounts for the United Kingdom

Publication date: 15 Mar 2011 | Publication type: NIESR Discussion Paper | NIESR Author(s): Weale, M | External Author(s): David McCarthy | NIESR Discussion Paper Number: 377

Generational accounts show the net discounted life-time contribution, positive or negative, that people, as a function of their age, are expected to make to the Exchequer. Receipts include both welfare benefits and public consumption (allocated by age as far as possible) while payments are largely comprised of taxes.