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Generational Accounts For The United Kingdom

Generational Accounts for the United Kingdom

Pub. Date

15 March, 2011

Pub. Type

Discussion Papers

Downloads

dp377

Authors

Professor Martin Weale

External Authors

David McCarthy

Paper Category 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.