Generational Aspects of Inclusive Growth

By Benedicte Baduel, Asel Isakova, Anna Ter-Martirosyan

March 12, 2021

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Format: Chicago

Benedicte Baduel, Asel Isakova, and Anna Ter-Martirosyan. Generational Aspects of Inclusive Growth, (USA: International Monetary Fund, 2021) accessed November 23, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Sharing economic benefits equitably across all segments of society includes addressing the specific challenges of different generations. At present, youth and elderly are particularly vulnerable to poverty relative to adults in their middle years. Broad-based policies should aim to foster youth integration into the labor market and ensure adequate income and health care support for the elderly. Turning to the intergenerational dimension, everyone should have the same chances in life, regardless of their family background. Policies that promote social mobility include improving access to high-quality care and education starting from a very early age, supporting lifelong learning, effective social protection schemes, and investing in infrastructure and other services to reduce spatial segregation.

Subject: Aging, Education, Income, Labor, Labor markets, National accounts, Population and demographics, Poverty

Keywords: Absolute poverty, Africa, Aging, Education mobility, Elderly people, Elderly poverty, Global, Growth indexation, Inclusive growth, Income, Income composition, Inequality, Intergenerational mobility, Labor market prospects, Labor markets, Life satisfaction, Middle East, Social mobility, Wage inequality, WP, Youth employment, Youth labor market outcome

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/072
Stock No:

WPIEA2021072
ISBN:

9781513572642
ISSN:

1018-5941

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