Generational accounting

The Institute of Public Policy, in partnership with the Economics for Policy of the New School of Business and Economics, developed the research project “Accounts of the State in an intergenerational perspective”. This project is carried out on the initiative and with the support of the Calouste Gulbenkian Foundation, following an open call within the framework of its Sustainability Program.

The objective was to make known the real value of the obligations imposed on future generations, based on the commitments already assumed by the State, and to develop a methodology to determine the net contribution of each generation to the State Budget in Portugal.

One of the key elements of this initiative is a set of studies that aims to evaluate the impact of the different public policies among generations.

One of the Final Results of this project was the Report “Public Finances – An Intergenerational Perspective”, carried out by an IPP / NOVASBE team.

In this particular study, sustainability in public finances is seen has inseparable from resources sharing among generations: if public finances aren’t sustainable, households in the future will be required to pay more taxes, receive lower benefits or enjoy less public goods and services.


Francesco Franco

Senior Research Fellow

Luís Teles Morais

Research Fellow

Tiago Bernardino

Research Fellow