Study on Intergenerational Fairness

Final Report

AUTHORS

Michele Raitano, Francesco Bloise, Feliciano Ludicone, Barbara De Micheli (Fondazione Giacomo Brodolini)

Eleni Karagiannaki, Joan Costa-Font (London School of Economics and Political Science)

PUBLICATION YEAR

2021

PUBLISHED IN

European Commission. Directorate-General for Employment, Social Affairs and Inclusion.

CITATION

Raitano, M., Karagiannaki, E., Premrov, T., Geyer, L., Fuchs, M., Bloise, F., Costa-Font, J., Ludicone, F., De Micheli, B. (2021). Study on Intergenerational Fairness. Final Report. Brussels: European Commission

DESCRIPTION

This report presents findings from research into intergenerational fairness in European Union countries.

The contributions of the European Centre analyse the development of different generations' disposable income from 2007 to 2014 and simulate policy reforms that could have support intergenerational fairness to during this period. We find that young adults (18-24) experienced the strongest decrease in disposable income driven by a drop in market income not compensated by automatic stabilisers or policy changes. Older generations (65+) saw the strongest relative increase in disposable income. Based on the simulation of alternative policies, we suggest that an unemployment benefit for young people could have helped those most affected by the crisis and, thereby, contributed to intergenerational fairness.

Source: European Commission, licensed under CC BY 4.0

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