Generational Interdependencies

The Social Implications for Welfare

Beverley A. Searle

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English

Vernon Press
07 May 2018

Social issues & processes; Welfare economics

Series: Series in Sociology

The issue of generational transfers is growing in importance. Populations are ageing, placing an increasing burden on provision of pensions, health care and other welfare services. In many nations the imbalance between a growing, older generation, supported by a shrinking younger generation, has fuelled debates about intergenerational justice. The key argument being that political and institutional developments over the last century have been to the advantage of older generations at the expense of current younger and future generations. But this only addresses half of the story, neglecting the flows of resources, through private, family channels. One key response to the growing fiscal problem of ageing societies has been to focus responsibility on self-funding and familial support. The growth of asset values, particularly housing, which are concentrated among the elderly, underpin such strategies. But this exposes new risks as potentially extractable resources are determined by wider fluctuations in the economy, and housing markets in particular. Clearly, these cohort effects, and responses to them, play out differently in different national developmental settings, depending on long-run patterns of economic, social and demographic change. This collection address these issues and provides original insights across different international contexts. The collection focusses on financial and non-financial transfers, generational interdependencies, and the role of labour and housing markets in welfare support, set against the changing economic landscape following the Great Financial Crisis of 2007. Although institutional and national differences exist the key emerging issues are the same: the financial and welfare challenges of supporting aging in societies; inequalities in the availability of assets across individuals, families and nations; and the extent to which private asset accumulation can support families over the life course. Drawing from examples across European countries, this collection will nonetheless be relevant to researchers and policy makers in other nations addressing the complexities of providing welfare across the life course in the face of restricted financial resources.

Edited by: Beverley A. Searle
Imprint: Vernon Press
Country of Publication: United States
ISBN: 9781622732265
ISBN 10: 162273226X
Series: Series in Sociology
Pages: 218
Publication Date: 07 May 2018
Audience: College/higher education , Further / Higher Education
Format: Paperback
Publisher's Status: Active

Beverley Searle is Senior Lecturer and Head of Geography and Environmental Science at the University of Dundee. She received her PhD in Social Policy from the University of York in 2005. She is the founder of INTEGRATE: International Network of Generational Transfers Research established in 2012. Her research interests focus on long-term trends in subjective wellbeing and social welfare, in particular inter-disciplinary exploration of the role of assets (financial, physical, human and natural) in securing wellbeing and welfare across the life-course. Her interests are underpinned by concerns of intergenerational inequalities, and developing an interdisciplinary approach to understand the inter-dependencies, barriers to, and potential for developing individual sustainable wellbeing and social resilience. Her research has addressed the challenges facing households set within the context of fluctuations in the housing market and wider economy; micro concerns of the social and economic consequences of recession on household relationships and budget management; inequalities in an ageing society and the role and relationship of private transfers of wealth and the implications for individual wellbeing. She has published widely on these issues including her book on Well-being and an edited collection (with Professor Susan Smith) on the Housing Wealth of Nations.

Reviews for Generational Interdependencies: The Social Implications for Welfare

"""Generational interdependencies"" is an interesting and original book that adopts a novel approach to the study of intergenerational relations. The topic of intergenerational exchange of support and its relation to public welfare provision has received considerable attention in the last decades. Nevertheless, Beverly Searle has been able to edit an original volume that not only takes into consideration both the micro and macro level aspects of this topic but also nicely combine the approach of sociological studies with those of economics, geography, social policy and gender studies. Furthermore, the book significantly contributes to this field of study by focusing on the intersection between the analyses of the intergenerational transmission of inequality and housing studies. The attention that the authors have paid to the role of home and homeownership in the transmission of wealth from one generation to the other - and in securing individual's welfare on the basis of families' accumulation instead of public provision - has produced a number of findings that will have a considerable impact on how we look at the connection between intergenerational relations, inequality transmission and the future sustainability of the European welfare systems. Marco Albertini, Dipartimento di Scienze Politiche e Sociali Alma Mater Studiorum - University of Bologna, Italy"