Generational Aspects of Medicare

Generational Aspects of Medicare.

This paper examines the generational aspect of the current Medicare system and some stylized reforms. We find that the rates of return on Medicare for today’s workers are higher than those for Social Security and that the Medicare system is shifting a greater share of the burden on future workers than is Social Security. Nonetheless, the rates of return on Medicare, using the Medicare Trustees ...

SOCIAL SECURITY AND MEDICARE POLICY FROM THE PERSPECTIVE OF GENERATIONAL ACCOUNTING by Alan

Our'previous study (Auerbach, Gokhale, and Kotlikoff [1991]) introduced the concept of generational accounting, a method of determining how the burden of fiscal policy falls on different generations. It found that U.S. fiscal policy is out of balance in terms of projected generational burdens. This means that either current generations will bear a larger share (than we project under current law...

Generational Policy

Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter of the second edition of The Handbook of Public Economics shows how generational policy works, how it's measured, and how much it matters to virtual as well as ...

Generational bridge

"Generational" malaise.