Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/410
Title: An Examination of Kuwait's Generational Economics: An Opportunity for Greater Efficiency and a Fulfilling Experience in Private Business
Authors: Hasan AlSayegh 
Supervisor: Prof. Mohammed El Sakka
Keywords: Private Business
Issue Date: 2017
Publisher:  Kuwait university - college of graduate studies
Abstract: The implementation of a generational economic policy for the State of Kuwait provides an immediate and more accurate outlook for its future, given current trends. It goes beyond the notion of measuring a country's health through its deficit or surplus. It also looks at the generational equality for Kuwaitis born in different eras, for both males and females. The model used is based on Auerbach, Gokhale and Kotlikoff (1991). As a fairly young country with sizable oil reserves, it is difficult to see any future financial pitfalls, moreover, how to quantify them. This study will conduct a generational economic analysis of Kuwait, based on social security contributions and remittances, K-12 education expenditure, as well as the government's expenditure and wealth. Projections of the government's fiscal stance based on different population scenarios will be presented, as well as the average per person per gender generational account will be detailed. The current population pyramid reflects a developing nation’s pyramid, with 50% of Kuwaitis currently under the age of 25. All this impacts the future of the current population, as well as the different possible realities of future populations. Using the work by Auerbach, Gokhale and Kotlikoff (1991, 1994), several possible economic scenarios are forecasted. A lot of developed nations have been using such analysis in one form or another for several years (Auerbach, Gokhale, Kotlikoff, 1999). This initial analysis finds that this tool is powerful in laying the ground work for measuring the generational equality for Kuwait's citizens, alive or yet to be born. It also allows the government to enact more just policies, where the fiscal burden is not imposed on a certain generation born at the inconvenient time. The results show that the main factor influencing the future equality is the rate of population growth, if all else stays the same. It also shows that additional sources of income for the government will be necessary at some point in the near future to fund all their promised programs. The more delayed such decisions are, the greater the burden will be on the recently born or yet to be born.
URI: http://hdl.handle.net/123456789/410
Appears in Programs:1030 Economics

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