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Intergenerational fairness from an economic perspective: Overview of some theoretical and methodological issues

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  • Filip Chybalski

Abstract

This paper seeks to conceptualize the term of intergenerational fairness with particular attention paid to possible comparative cross-country studies in this field that would aim at searching for the most efficient welfare policies serving for long-term equilibrium between generations in terms of well-being. According to the concept proposed, intergenerational fairness means such relations between different age groups which, in the context of given economic, political and demographic conditions, do not discriminate against any age group in terms of its present and future living situation. This includes present transfers (today) and their impact on prospects (future). Thus, intergenerational fairness cannot be measured only with reference to the contemporary situation, it must also account for the future.

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  • Filip Chybalski, 2018. "Intergenerational fairness from an economic perspective: Overview of some theoretical and methodological issues," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(2), pages 268-281, April.
    • Handle: RePEc:pdc:jrnbeh:v:14:y:2018:i:2:p:268-281
    DOI: 10.15208/beh.2018.21
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    1. Laurence J. Kotlikoff, 2004. "Pensions Systems and the Intergenerational Distribution of Resources," CeRP Working Papers 36, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    2. Dr Martin Weale, 2011. "Generational Accounts for the United Kingdom," National Institute of Economic and Social Research (NIESR) Discussion Papers 377, National Institute of Economic and Social Research.
    3. Alain Jousten & Mathieu Lefèbvre & Sergio Perelman & Pierre Pestieau, 2010. "The Effects of Early Retirement on Youth Unemployment: The Case of Belgium," NBER Chapters, in: Social Security Programs and Retirement around the World: The Relationship to Youth Employment, pages 47-76, National Bureau of Economic Research, Inc.
    4. Filip Chybalski & Edyta Marcinkiewicz, 2015. "Does the professional activity of older workers contribute to youth unemployment? A cross-section study of European countries," Business and Economic Horizons (BEH), Prague Development Center, vol. 10(4), pages 238-252, January.
    5. Carlotta Balestra & Davide Dottori, 2012. "Aging society, health and the environment," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(3), pages 1045-1076, July.
    6. Adriaan Kalwij & Arie Kapteyn & Klaas Vos, 2010. "Retirement of Older Workers and Employment of the Young," De Economist, Springer, vol. 158(4), pages 341-359, November.
    7. Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(2), pages 137-150.
    8. Jonathan Gruber & Kevin Milligan & David A. Wise, 2009. "Social Security Programs and Retirement Around the World: The Relationship to Youth Employment, Introduction and Summary," NBER Working Papers 14647, National Bureau of Economic Research, Inc.
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    10. Dr Martin Weale, 2011. "Generational Accounts for the United Kingdom," National Institute of Economic and Social Research (NIESR) Discussion Papers 377, National Institute of Economic and Social Research.
    11. Richard T. Woodward, 2000. "Sustainability as Intergenerational Fairness: Efficiency, Uncertainty, and Numerical Methods," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 581-593.
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    More about this item

    Keywords

    Population; ageing; generation; intergenerational fairness; welfare; efficiency;
    All these keywords.

    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D60 - Microeconomics - - Welfare Economics - - - General

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