Download A Young Generation Under Pressure?: The Financial Situation by Lefteris Kretsos (auth.), Joerg Tremmel (eds.) PDF

By Lefteris Kretsos (auth.), Joerg Tremmel (eds.)

Justice among generations remains to be now not as popular on any time table as justice among wealthy and terrible or women and men. For the 1st time, this three-part e-book explores the placement of children of this present day compared to their direct predecessors. the 1st half, The monetary scenario of the younger iteration in a Generational comparability, offers with this generation's monetary status; the second one half, the push Hour of existence, examines their time regulations. either are thought of from a life-course viewpoint. The 3rd half, at the route to Gerontocracy?, addresses the demographic shift in want of the aged in getting older Western democracies.

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Additional info for A Young Generation Under Pressure?: The Financial Situation and the “Rush Hour” of the Cohorts 1970–1985 in a Generational Comparison

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Since in this chapter the major concern is about consumption, the focus will be on household level standards of living and not on personal earnings. The LIS project data offer the possibility to compute adjusted disposable income (total net income after taxes and transfers, adjusted by household size, where the equivalence scale is the square-root of the number of residents of the household) in order to compare the living standards of age groups at four different periods, respectively around 1985, 1990, 1995, and 2000.

In terms of consumption, these results give a better understanding of differences in the national life course perspective of standards of living. In France, compared to the US, the young generation faces real difficulties, and at the opposite, the nowadays seniors benefit from a specific economic boom and from economic homogenisation (more equality). In France, seniors appear attractive targets for marketing products while the young are often framed in terms of social problems. The Italian situation is similar, but the demographic collapse of young generations of adults (less numerous with less children) and their increasing degree of familialistic dependence reduces the degree of immediate visibility of the social problem, but this problem will evidently appear raising the question of who will care for elders.

In fact, this is a consequence of a changing collective compromise, which occurred during the mid-1970s and early 1980s. This transition in the social value of generations is brought about from a relative valorisation of newer generations, as a positive feature we had to invest in, to the protection of the adults’ and seniors’ stability, even at the expense of the young. This is the main factor in the redistribution of well-being concerned unemployment. High unemployment rates were socially acceptable for young workers, provided that adult employees with dependent children could avoid these difficulties.

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