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A new generational contract
 — the final report of the Intergenerational Commission
Author(s)David Willetts
Corporate AuthorResolution Foundation; Intergenerational Commission
PublisherResolution Foundation, London, 2018
Pages227 pp
SourceResolution Fundation, 2 Queen Anne's Gate, London SW1H 9AA. Website: intergenerationalcommission.org
KeywordsCost of living ; Income [older people] ; Employment ; Housing [elderly] ; Pensions ; Older people ; Young adults [20-25] ; Social policy.
AnnotationThe Intergenerational Commission was convened by the Resolution Foundation to explore questions of intergenerational fairness. This report contains the Commission's conclusions. It is based on the premise of concern that today's young adults may not achieve the progress enjoyed by immediate previous generations. It expresses pessimism about these young adults' chances being particularly marked in relation to housing, work and pensions, the key economic aspects of living standards. It considers outcomes and prospects for these aspects of living standards across generations, and then suggests a policy agenda for "renewing the generational contract". It makes recommendations on these, and on the role of the state, for example by using "£2.3 billion raised from a new progressive property tax to address gaps in public social care funding"; and by charging National Insurance contributions on the earnings of workers over the State Pension Age (SPA). While the report uses statistical data from the Office for National Statistics (ONS), the research data sets used "may not exactly reproduce National Statistics aggregates". (RH).
Accession NumberCPA-180508001 B
ClassmarkJ3C: JF: WJ: KE: JJ: B: SD6: TM2

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