Journal Article
The effect of war expenditures on U.S. output
Parrott, Sharon E.; Carlstrom, Charles T.; Gokhale, Jagadeesh (1991-02)
A study of how war-related temporary increases in government expenditures affect real interest rates and output, with particular emphasis on the probable fiscal effects of the Persian Gulf War.
Economic Commentary , Issue Feb

Journal Article
Social Security: are we getting our money's worth?
Gokhale, Jagadeesh; Lansing, Kevin J. (1996-01)
An examination of Social Security from an individual investment perspective, showing that continued delays in addressing the program's shortcomings will only increase the intergenerational inequities that now exist.
Economic Commentary , Issue Jan

Journal Article
Assessing the impact of income tax, social security tax, and health care spending on U.S. saving rates
Kotlikoff, Laurence J.; Gokhale, Jagadeesh; Auerbach, Alan J. (1992-10)
An assessment of the effects of proposed reductions in income and Social Security taxes on middle-income Americans and of cuts in health care spending, using the generational accounting method to examine their likely impact on both current and future national saving rates.
Economic Review , Volume 28 , Issue Q IV , Pages 13-21

Journal Article
The baby boomers' mega-inheritance-myth or reality?
Kotlikoff, Laurence J.; Gokhale, Jagadeesh (2000-10)
Retirees are one of the wealthiest segments of the U.S. population, and today's retirees have more wealth than any previous generation. Some have conjectured that bequests out of this wealth will significantly boost the resources of the baby boomers-the next generation of retirees-bridging the gap between their retirement needs and resources. This Economic Commentary argues against such a view and explains why boomers have no alternative but to save for their own retirement.
Economic Commentary , Issue Oct

Journal Article
Long-term health care: is social insurance desirable?
Gokhale, Jagadeesh; Leovic, Lydia K. (1993-12)
A look at why the private insurance market has failed to cover long-term care risks adequately, and an evaluation of several proposals for funding such care through social insurance.
Economic Commentary , Issue Dec

Working Paper
The adequacy of life insurance: evidence from the health and retirement survey
Bernheim, B. Douglas; Gokhale, Jagadeesh; Forni, Lorenzo; Kotlikoff, Laurence J. (1999)
This study examines life insurance adequacy among married American couples approaching retirement based on the 1992 Health and Retirement Survey with matched Social Security earnings histories. It evaluates each household's life insurance needs based on new financial planning software that embodies a life-cycle-planning model and covers a broad array of demographic, economic, and financial characteristics. A sizable minority of households are significantly underinsured. Almost one third of wives and over 10 percent of husbands would have suffered living-standard reductions greater than 20 ...
Working Papers (Old Series) , Paper 9914

Journal Article
Restoring generational balance in U.S. fiscal policy: what will it take?
Kotlikoff, Laurence J.; Gokhale, Jagadeesh; Auerbach, Alan J. (1995-01)
A study of the magnitudes of tax increases, transfer cuts, or reductions in government purchases that would be needed to rectify the huge imbalance in the generational stance of U.S. fiscal policy, concluding that congressionally proposed outlay reductions in nondefense and non-Social Security spending would still be insufficient to bridge the gap.
Economic Review , Issue Q I , Pages 2-12

Journal Article
An overview of the Clinton budget plan
Altig, David E.; Gokhale, Jagadeesh (1993-03)
An investigation of the allocative consequences of resource shifts that would result if the Clinton administration's budget plan is adopted, examining the timing and composition of both net outlay cuts and net revenue increases represented in the budget proposal, as well as the generational impact of each.
Economic Commentary , Issue Mar

Working Paper
The equity of social services provided to children and senior citizens
Kotlikoff, Laurence J.; Gokhale, Jagadeesh (1993)
A consideration of the degree of equity in the U.S. government's treatment of children vis-a-vis adults, particularly the elderly. The authors show that given current policy, today's and tomorrow's children could end up paying as much as 70 percent of their lifetime income to the government, whereas the current elderly will pay only about 25 percent on average.
Working Papers (Old Series) , Paper 9311

Working Paper
Demographic change, generational accounts, and national saving in the United States
Gokhale, Jagadeesh (1996)
An investigation of how alternative population projections affect measurement of the intergenerational imbalance in the distribution of resources and an analysis of the impact of demographic change on U.S. national saving.
Working Papers (Old Series) , Paper 9603