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Some adherents also prioritize the moral concerns about those alive today, putting a discount rate on outcomes for future generations when accounting for generational equity. [43] Others disagree. [ 44 ] [ 45 ] [ 46 ] From the "strong sustainability" perspective, no amount of economic progress [ verification needed ] (or as measured by ...
Mannheim defined a generation (note that some have suggested that the term cohort is more correct) to distinguish social generations from the kinship (family, blood-related generations) [2] as a group of individuals of similar ages whose members have experienced a noteworthy historical event within a set period of time.
[1] [2] Baby boomers and the silent generation will bequeath a total of $84.4 trillion in assets through to 2045, with $72.6 trillion going directly to heirs. [1] [3] The transfer of wealth from baby boomers will account for $53 trillion or 63% of all transfers, while the Silent Generation will hand down $15.8 trillion. [3]
An intergenerational policy is a public policy that incorporates an intergenerational approach to addressing an issue or has an impact across the generations.Approaching policy from an intergenerational perspective is based on an understanding of the interdependence and reciprocity that characterizes the relationship between the generations.
A plot of intergenerational immobility against inequality, with the US highlighted in red (data from 2012) The "Great Gatsby Curve" is the term given to the positive empirical relationship between cross-sectional income inequality and persistence of income across generations. [1]
Intra-generational mobility renders the meaning of "short-term" inequality ambiguous, since high intra-generational mobility suggests that those who are currently less well-off (for instance the young) will move up the class or income scale later in life. How strong Intra-generational mobility is in the US is disputed. [46]
In Western societies, for example, both the old and the young are perceived and treated as relatively incompetent and excluded from much social life. Age stratification based on an ascribed status is a major source inequality, and thus may lead to ageism. [2] Ageism is a social inequality resulting from age stratification.
The word generate comes from the Latin generāre, meaning "to beget". [4] The word generation as a group or cohort in social science signifies the entire body of individuals born and living at about the same time, most of whom are approximately the same age and have similar ideas, problems, and attitudes (e.g., Beat Generation and Lost Generation).