abstract:Generational Accounting measures the fiscal burdens facing today's and tomorrow's children. Laurence Kotlikoff's individual and co-authored work on the relativity of fiscal language demonstrates that conventional fiscal measures, including the government's deficit, are not well defined from the perspective of economic theory.
The article cited an analysis by a professor in Akita University that used generationalaccounting methodology to calculate the financial burden being placed on the next, unborn generation, of Japanese by current welfare system.