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Intergenerational Justice in Public Finance: a Canadian case study
[journal article]
Abstract This study examines whether Canadian governments have adapted budgets for the ageing population in accordance with norms of intergenerational justice. Public finance data in 2016 are analysed compared to 1976 in light of three constructs: the elderly/non-elderly ratio of social spending change, inte... view more
This study examines whether Canadian governments have adapted budgets for the ageing population in accordance with norms of intergenerational justice. Public finance data in 2016 are analysed compared to 1976 in light of three constructs: the elderly/non-elderly ratio of social spending change, intergenerational reciprocity, and ability to pay. Findings include that (i) governments increased per capita spending for seniors 4.2 times faster than for those under the age of 45; (ii) public finance requires younger Canadians to contribute 22%-62% more in income taxes for the elderly now by comparison with 1976; and (iii) the contemporary ageing population has a greater ability to pay than cohorts immediately before and after them.... view less
Keywords
justice; Intergenerational relations; pension adjustment; taxes; pension policy; homeowner; assets; Canada; social expenditures
Classification
Social Policy
Public Finance
Free Keywords
Government Expenditures; Generational Equity; Housing Wealth; Public Reporting
Document language
English
Publication Year
2018
Page/Pages
p. 32-46
Journal
Intergenerational Justice Review, 4 (2018) 1
Issue topic
Measuring Intergenerational Justice for Public Policy (II)
DOI
https://doi.org/10.24357/igjr.12.1.641
ISSN
2190-6335
Status
Published Version; peer reviewed