Get Ages, Generations and the Social Contract: The Demographic PDF

By Jacques Véron, Sophie Pennec, Jacques Légaré

ISBN-10: 1402059728

ISBN-13: 9781402059728

ISBN-10: 1402059736

ISBN-13: 9781402059735

Our societies are getting older. The family members is altering. Labour strength behaviour is evolving. How is the service provider of kinfolk and collective cohesion adapting during this context of longer existence spans, low fertility, and paintings that's at the same time scarce and abundant?

The welfare states are at the moment dealing with 3 major demanding situations: confirm passable residing stipulations for the aged with no expanding the price burden at the lively inhabitants, lessen social inequality, and hold fairness among successive generations. during this ebook, researchers from diverse international locations evaluate their stories and provide contrasting perspectives at the way forward for social safety. they think about the theoretical points of the intergenerational debate, kin among generations in the family members, the residing criteria of aged humans, and the query of social time.

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Additional info for Ages, Generations and the Social Contract: The Demographic Challenges Facing the Welfare State

Example text

2001). Their demographic component is based on Eurostat and national projections. These imply that the average national old age dependency ratio (65+/20–64) will double by 2050. Since much has been written about these trends in population aging and about fertility trends in the industrial world, I will not discuss either of these further. However, it may be useful to discuss mortality. According to Dang et al. 5 years. Official government agencies have a history of underpredicting mortality gains at older ages and consequently underpredicting the number of elderly (Keilman, 1997; National Research Council, 2000; Lee and Miller, 2001).

First, the size of the public sector transfers relative to GDP is very much less in India than in the US. Second, expenditures on education stand out in India as more nearly comparable to those in the US than the other transfer flows. Third, we can see once again that downward public transfers dominate in India and upward transfers dominate in the US. It is important to note that within families, and within the private sphere, the direction of transfers is still strongly downwards in industrial nations: the elderly, on average, continue to make net private transfers to their children.

8 PROJECTIONS OF POPULATION AGING, PUBLIC PENSIONS AND OTHER BENEFITS As we have already seen, population aging raises the implicit debt in unfunded pension systems and increases the cost in terms of after tax income of providing a standard set of life cycle benefits. These consequences of population aging are unavoidable features of unfunded public transfer systems. A third consequence is that if taxes and benefits are not suitably adjusted, rising expenditures due to population aging will put long-term finances deeply in the red.

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Ages, Generations and the Social Contract: The Demographic Challenges Facing the Welfare State by Jacques Véron, Sophie Pennec, Jacques Légaré


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