Will We Treat Future Generations Fairly? Italian Fiscal Policy Through the Prism of Generational Accounting

26 Pages Posted: 2 Feb 2012

Date Written: April 3, 2008

Abstract

We compute the value of the net taxes that current policies impose to present and future generations of Italians. We use such figures to show that current fiscal policies are neither financially sustainable nor fair to future generations. This is due to the generous treatment awarded to past and currently-living cohorts. We discuss some policy options which could potentially restore sustainability while at the same time improving intergenerational justice. Our analysis is also meant to contribute to an assessment of Italian fiscal policy in the last decade. When confronting our findings with those of previous studies, it appears that in the last ten years neither sustainability nor fairness have improved.

Keywords: generational accounts, fiscal sustainability, inter-generational fairness

JEL Classification: H61, E62, J11

Suggested Citation

Rizza, Pietro and Tommasino, Pietro, Will We Treat Future Generations Fairly? Italian Fiscal Policy Through the Prism of Generational Accounting (April 3, 2008). Available at SSRN: https://ssrn.com/abstract=1997186 or http://dx.doi.org/10.2139/ssrn.1997186

Pietro Rizza (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Pietro Tommasino

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Register to save articles to
your library

Register

Paper statistics

Downloads
36
Abstract Views
442
PlumX Metrics