NTA2020 Rice

Global Meeting on Population and the Generational Economy, August 2020

Presentation: James Mahmud Rice, Jeromey Temple, Peter McDonald, Sustainability and Equity in the Australian Generational Economy

Abstract

Fiscal sustainability and intergenerational equity are distinct concepts, although they are often conflated by social scientists who presume that a lack of fiscal sustainability will lead to inequitable or unequal effects on later generations. In this paper these two concepts are distinguished and the relationship between them explored. Based on data from the Australian National Transfer Accounts, the paper explores fiscal sustainability and intergenerational equity in the Australian generational economy during the 28-year time period between 1981-82 and 2009-10 as well as into the future under a range of economic and demographic scenarios. Fiscal sustainability is measured by comparisons of the present values of consumption and labour income under the various economic and demographic scenarios, while intergenerational equity is measured by the IGI index of intergenerational inequality developed recently by Rice, Temple, and McDonald.

File: NTA2020 Rice

Paper: NTA2020 paper Rice

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