Intergenerational equity is now a major policy issue in both the US and UK. There is a widespread perception that the younger generations have been relatively disadvantaged by economic and demographic changes over the last 30 years.
The debate, unfortunately, has been handicapped by the lack of a consistent approach to quantify all the different channels by which generations transfer resources to each other. This is the principal aim of this research project.
The project will produce a comprehensive set of accounts for both the UK and US that measures all economic resources available to each generation, how those resources are used and how this has changed over the last 40-50 years.