3 years ago

Millennial Bugs. A Review of the Resolution Foundation's Intergenerational Commission Final Report

Rajiv Prabhakar

Abstract

What obligations do the old owe the young? This question is at the core of the Resolution Foundation's Intergenerational Commission report that was published on May 2018. A novelty of this report is that it invokes Edmund Burke in support of efforts to boost intergenerational fairness. But, this paper suggests that Burke is only a very limited guide for closing the wealth gap between the generations. Taxing the wealth of baby boomers is likely to be central for any efforts to close the wealth gap. However, Burke was a strong supporter of inherited wealth. Burke might be more useful in a more limited sense of allowing debates to be opened up about home ownership.

Publisher URL: https://onlinelibrary.wiley.com/doi/abs/10.1111/1467-923X.12568

DOI: 10.1111/1467-923X.12568

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