This paper presents the first set of generational accounts for the United Kingdom. We find that under our baseline scenario, in which pensions are price indexed and health expenditure grows modestly, the imbalance in UK generational policy is small when compared with other leading industrial...

In this note we show how the policy proposals contained in the government's Green Paper on pensions (DSS, 1998) affect the long-term sustainability of the UK's public finances and redistribution between current and future generations. Using the methodology of generational accounting we show that...