Oxford Review of Economic Policy volume 26, issue 1, P87-116 2010 DOI: 10.1093/oxrep/grq002 View full text
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R. Barrell, M. Weale

Abstract: ABSTRACTWe assess fiscal policy from the perspective of fairness between generations and the relationship between this and national saving, in the context where the United Kingdom is the lowest-saving of all the OECD economies. Cross-section and pooled data suggest that governments are in a position to influence national saving and we set out a simple overlapping generation model to show the effects of national debt, of pay as you benefit systems, of legacies and movements to land prices as means of effecting…

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