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NBER Working Papers and Publications
|July 2002||Intertemporal State Budgeting|
with Daniel Besendorfer, Laurence J. Kotlikoff: w9067
This study presents intertemporal budgeting as of 1999 for all 50 U.S.states. Intertemporal state budgeting compares the present value of a state's projected receipts with the present value of its projected expenditures (exclusive of interest payments)plus the current value of its net debt (liabilities minus assets). Our projections start with the 1999 U.S.Census Bureau's State Government Finances survey of receipts,expenditures,and debt.We group these highly detailed data into a framework that is consistent with the National Income and Product Account accounts. The 1999 Census data are the latest available.To project total receipts and expenditures for years beyond 1999,we first form average 1999 receipts and expenditures by age and sex using relative age-and sex-specific receipts and exp...
|January 1999||Generational Accounting in New Zealand|
with Laurence J. Kotlikoff, Willi Leibfritz
in Generational Accounting around the World, Alan J. Auerbach, Laurence J. Kotlikoff and Willi Leibfritz, editors