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Should America abide extreme intergenerational inequality?
The second is the problem of intergenerational inequality.
The UK's social mobility tsar warned that unless the "wind of change" swept through the country, Britain could soon become "permanently divided" as a result of intergenerational inequality.
TODAY'S recommended economics writing: What Google Reader tells us about banking and nationalisation (Alphaville) The economics of evil Google (Paul Krugman) The housing bubble is back (Modeled Behavior) Intergenerational inequality (Evan Soltas) The grade narrative (Brad DeLong).
On Saturday, the government's social mobility adviser, Alan Milburn, chair of the Social Mobility and Child Poverty Commission, warned in the Guardian that there was a risk that Britain would become "permanently divided" as a result of growing intergenerational inequality.
Tom McPhail, pensions expert at IFAs Hargreaves Lansdown, says that a "wholesale shift" to a pensions Isa "would shift the fiscal burden of pensions on to younger generations, thereby exacerbating the existing trend towards intergenerational inequality".
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Writing in the foreword, Frances O'Grady, the TUC general secretary, says: "Big cuts to working-age social security benefits [over the past five years], combined with relative protection for some pensioner benefits, sparked divisive debate about intergenerational inequalities and whether the so-called baby boomer generation have been feather-bedded at the young's expense".
Such taxes limit intergenerational inequalities that would otherwise constrain equality of opportunity.
Intergenerational inequity is a moral issue.
Intergenerational health inequalities are marked in Irish-descended people, who experience elevated mortality despite improvements in socioeconomic position across generations.
31 Reducing socioeconomic inequalities in children's exposure to tobacco, and to SHS, remain priorities in efforts to interrupt the intergenerational reproduction of inequality.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com