generational accounting

generational accounting definition - business

generational accounting

Estimating the effects of government policy by age. For example, a transportation plan that includes an increase in the federal gasoline tax to fund renewable energy sources is evaluated with regard to the benefits and costs to different generations of citizens. Generational accounting may indicate the proposal would result in current generations paying for benefits that would be received by future generations.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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