Inter-generational fairness
Intergenerational Justice and the Financial and Economic Crisis
- According to Musgrave (1986), a politically sustainable relationship between contributions and benefits must be based on the principle of ‘proportional risk sharing’.
- The Musgrave Rule deserves renewed attention in light of the global financial and economic crisis.
- Its intuitive political appeal has already found expression in recent Swedish and German attempts to
Who will pay? Inter-generational transfers and public sector pensions
This paper analyses the different channels through which particular generations within one society can end up subsidising other generations through the functioning of the welfare state. The welfare state, which is organised and funded by “society” through taxation, plays an important part in almost all countries, often providing services such as education and health care or transfers such
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What does long-term care funding have in common with public sector pay and pensions?
- The pensions debate in the UK focuses heavily on the diverging DB pension trends across the private and public sectors, which many perceive to be unfair.
- A bigger story is that today’s private and public sector workers are probably doing well relative to smaller past and future cohorts as they are part of the baby boomers.
- This is because they can spread the