Intergenerational inequality and the intergenerational state

Rice, James Mahmud; Temple, Jeromey; McDonald, Peter

doi:10.1007/s12546-021-09273-1

Cited by 2 publications

(4 citation statements)

References 24 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The approach to intergenerational inequality, or inequality between birth cohorts, in this paper builds on earlier work by Rice, Temple, and McDonald ( 4 , 26 ). Birth cohorts are, of course, defined by year of birth.…”

Section: Methodsmentioning

confidence: 99%

“…Theories of fairness that focus on equality of opportunities could argue that inequalities between birth cohorts in terms of material living standards are unfair because, to a large extent, these inequalities reflect the unequal opportunities that are open to different birth cohorts. Cohorts who happen to be born during times of low material living standards, for example, have fewer opportunities to enjoy high material living standards when compared to cohorts who happen to be born during times of high material living standards ( 26 ).…”

Section: Methodsmentioning

confidence: 99%

“…The first of these measures is the IGI index, applied in this case to consumption. The IGI index is an indicator of intergenerational inequality that is described in detail in a recent article by Rice, Temple, and McDonald ( 26 ). At its core the IGI index summarizes inequality between birth cohorts in, say, consumption by calculating the Gini coefficient across estimates of the relative inequalities between birth cohorts in lifetime consumption.…”

Section: Methodsmentioning

confidence: 99%

“…The lower bound is attained in the extreme case of absolute equality, in which all birth cohorts experience the same lifetime consumption. The upper bound in attained at the other extreme in which all consumption is experienced by just one birth cohort ( 26 ).…”

Section: Methodsmentioning

confidence: 99%

See 3 more Smart Citations

The Impact of Demographic and Economic Change on the Australian Generational Economy: Financial Sustainability, Intergenerational Inequality, and Material Living Standards

Rice

Wilson²,

Temple³

et al. 2022

Front. Public Health

Self Cite

View full text Add to dashboard Cite

The generational economy—which is that aspect of the economy that pertains to the economic activities of, and the economic relationships between, different ages and generations—can be evaluated on the basis of a number of different criteria. The most critical of these include the financial sustainability of the generational economy, the intergenerational inequality that the generational economy creates, and the material living standards associated with the generational economy. How the generational economy performs in terms of these three criteria is, moreover, shaped by underlying processes of demographic and economic change. This paper examines how the Australian generational economy can be expected to perform in coming decades in terms of financial sustainability, intergenerational inequality, and material living standards. How the performance of the Australian generational economy is shaped by variations in fertility, mortality, overseas migration, and labour-income growth is also assessed. The results reported in the paper indicate that, because of population aging, consumption can only grow at a substantially lower rate than labour income if financial sustainability is to be maintained. These results also suggest that increasing overseas migration is a distinctly useful policy tool for meeting the challenges posed by population aging, since increasing overseas migration both increases material living standards and decreases intergenerational inequality.

show abstract

Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

See 2 more Smart Citations