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Economic Sustainability and Intergenerational Fairness: A New Taxonomy of Indicators
[journal article]
Abstract The aim of this paper is to facilitate informed choice about indicators of economic sustainability and intergenerational fairness and decisions about their uses. We focus on four issues. First, we found that the same type of indicator measured at different levels - such as the general government, th... view more
The aim of this paper is to facilitate informed choice about indicators of economic sustainability and intergenerational fairness and decisions about their uses. We focus on four issues. First, we found that the same type of indicator measured at different levels - such as the general government, the (market) economy or the total economy, which includes both the market economy and the household economy - often leads to different conclusions. Second, sustainability analysis is frequently built on exogenously set age limits even though it is obvious that old age does not everywhere start at age 65; it did not always start there where it does today; and most likely it will not start there in the future. Third, we use our taxonomy of more than 80 indicators to spot holes, shortcomings and absences. Fourth, we show some structural differences between indicators of sustainability and fairness.... view less
Keywords
generation; fairness; Intergenerational relations; sustainability; demographic aging; transfer; public benefits; economic development (on national level); age structure; justice; social policy; international comparison; pay-as-you-go; population development; inter-generational contract; pension; data capture
Classification
Population Studies, Sociology of Population
Social Security
Document language
English
Publication Year
2017
Page/Pages
p. 77-86
Journal
Intergenerational Justice Review, 3 (2017) 2
Issue topic
Measuring Intergenerational Justice for Public Policy (I)
DOI
https://doi.org/10.24357/igjr.11.2.632
ISSN
2190-6335
Status
Published Version; peer reviewed