What is the concept of intergenerational equity?

What is the concept of intergenerational equity?

Intergenerational equity in economic, psychological, and sociological contexts is a concept or idea of fairness or justice in relationships between children, youth, adults and seniors, particularly in terms of treatment and interactions (Miller et al. 2010).

What does the intergenerational inequity perspective state?

Intergenerational equity in economic, psychological, and sociological contexts, is the concept or idea of fairness or justice between generations. Many cite the growing U.S. national debt as an example of intergenerational inequity, as future generations will shoulder the consequences.

What is intergenerational equity in sustainable development?

Intergenerational Equity is defined as: “Meeting the needs of the present without compromising the ability of future generations to meet their needs” It articulates the concept of fairness amongst all generations in the use and conservation of the environment and its natural resources.

What are examples of intra-generational equity issues?

Intra-generational Equity & Issues Welfare schemes like subsidies, reservations, etc., are provided by the governments to help the vulnerable section of society. However, sometimes measures taken under the narrative of social justice interfere with the free market principle.

How does intergenerational equity and intragenerational equity differ?

Intergenerational equity is a concept of fairness between the interaction of the youth and the elderly while intragenerational equity is concerned with the justice in between 0individuals belonging to a generation.

What is the significance of intra generational and inter generational equity in the concept of sustainable development?

The intergenerational issues relate to, involve and affect several generations because of which intergenerational equity is the basis of the concept of sustainability, whereas an intrinsic constituent of sustainable development is intragenerational equity, as it includes the role of virtue ethics and attitudes of …

What is the so called intergenerational responsibility towards a sustainable environment discuss?

Sustainable development must consider intergenerational justice (Sen 2014). Being sustainable can be construed as assuring intergenerational equity in access to resources (Frazier 1997). It is needed to sustain the freedom of future generations to live the way they like and to what they have reason to value (Sen 2014).

What is the difference between intergenerational equity and intergenerational equity?

What is intergenerational and intra-generational equity?

The intergenerational concept includes the inter-temporal utilization of natural resources. On the other hand, intra-generational equity means the fair use of global natural resources by the present generation. Both of these concepts are important to maintain the sustainability.

What is the significance of Intragenerational and intergenerational equity in the concept of sustainable development?

What is intergenerational and intragenerational equity?

What causes intergenerational conflict?

An intergenerational conflict is either a conflict situation between teenagers and adults or a more abstract conflict between two generations, which often involves prejudices against another generation. These can be caused by value shift or conflict of interest between younger and older generations.

When did endowments become more dependent on investment?

During the favorable investment conditions of the 1990s, many institutions saw their endowments and endowment spending soar, and became more dependent on endowment spending than they had been.

Why does an endowment have a perpetual goal?

This is because the endowment corpus is ratcheted up when returns exceed spending, but not ratcheted back down when returns fall short of spending. Indeed, because every new level of achieved endowment accumulation becomes the new perpetual goal, the demands of intergenerational equity even seem to require that any shortfall be made up.

What does it mean when an endowment is modest?

Of course, this means that spending is modest, but on the bright side it also means that in most years returns exceed spending and the excess can be added to the endowment— which brings us to Mehrling’s point about the compromise of intergenerational equity, wherein the current generation bears the risk of future returns.

When does an endowment fund have a negative return?

Think of the fund as a kind of bank account with overdraft privileges, but one that has the same return as the endowment. On average, the account is zero, but when there is a period of abnormally high returns, the account becomes positive, and when there is a period of abnormally low returns, the account becomes negative.