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Generational Aspects of Inclusive Growth

Benedicte Baduel, Asel Isakova and Anna Ter-Martirosyan

No 2021/072, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: inequality; inclusive growth; youth employment; elderly poverty; intergenerational mobility; WP; social mobility; youth labor market outcome; growth indexation; life satisfaction; wage inequality; income composition; labor market prospects; education mobility; elderly people; absolute poverty; Labor markets; Aging; Income; Global; Africa; Middle East (search for similar items in EconPapers)
Pages: 37
Date: 2021-03-12
New Economics Papers: this item is included in nep-age
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