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Patten Foundation

George Vlahakis
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Last modified: Monday, February 24, 2003

Former presidential adviser to speak about "coming generational storm"

A leading authority in the economic analysis of the allocation of public and private resources between different generations will present two Patten lectures on "the coming generational storm" at Indiana University Bloomington in early March.

Laurence Kotlikoff, professor of economics at Boston University and a research associate of the National Bureau of Economic Research, will present the lecture, "The Emperor's New Clothes," on March 4 at 7:30 p.m. in Swain Hall West, Room 119. His second lecture, "Do Cry for Me, Argentina," will be on March 6 at 7:30 p.m. in Woodburn Hall, Room 101.

The focus of Kotlikoff's two lectures on "The Coming Generational Storm" will be the fiscal crises facing the United States and its principal trading partners as the baby boom generation retires.

Kotlikoff was a senior economist in President Ronald Reagan's Council of Economic Advisers, and he is a fellow of the Econometric Society. His visit to IU is being presented by the William T. Patten Foundation and its lecture series.

Kotlikoff has testified regularly before congressional finance, economic and budget committees, and currently he is a member of the Blue Ribbon Panel of the Joint Committee on Taxation. He has authored nine books and over 100 articles. His newest book, Generational Policy: The Case of Argentina, is forthcoming from MIT Press.

He coined the term "generational accounting," which has become a common identification for the problems associated with intergenerational transfers and welfare comparisons in academic and public policy discussions of such issues as funding Social Security and Medicare programs for the old and investing in education of the young.