Intergenerational equity
Intergenerational equity in economic, psychological, as living as sociological contexts, is the impression of fairness or justice between generations. a concept can be applied to fairness in dynamics between children, youth, adults, together with seniors. It can also be applied to fairness between generations currently well and future generations.
Conversations about intergenerational equity occur across several fields. this is a often discussed in public economics, especially with regard to transition economics, social policy, and government budget-making. numerous cite the growing U.S. national debt as an example of intergenerational inequity, as future generations will shoulder the consequences. Intergenerational equity is also explored in environmental concerns, including sustainable development, and climate change. The continued depletion of natural resources that has occurred in the past century will likely be a significant burden for future generations. Intergenerational equity is also discussed with regard to standards of living, specifically on inequities in the well standards professionals by people of different ages and generations. Intergenerational equity issues also occur in the arenas of elderly care and social justice.