Intergenerational equity and sustainability

By Emilio Padilla. 2002

151 citations recorded by the source corpus.

Abstract This paper explores the limitations of conventional economic analysis of intergenerational problems and examines some of the alternatives suggested in the literature. It is argued that proper consideration of future generations has at least three requirements. First, when future costs and benefits are considered, it should be taken into account that they are to be enjoyed by different generations. Second, the sustainability requirement should be adopted. This represents an equity commitment to the future and implies the recognition that future generations have the right to nondeteriorated ecological and economic capacity. The paper studies the ways in which the recognition of these rights might be incorporated into economic evaluation and management. Third, an appropriate institutional network to enforce the recognition of these rights in decision-making processes should be constituted. Its design and necessary functions are also analyzed.

Subfields: Economics and Econometrics, Management, Monitoring, Policy and Law

View Paper: https://www.semanticscholar.org/paper/2ce910ee5705e9dbeffa402f44794e36b459b375

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Citations in the corpus

The argument against a reductionist approach for measuring sustainable development performance and the need for methodological pluralism (2009, background): “Modifications of the current discounting and aggregation procedures have been proposed by Rabl (1996), Farrow (1998), Padilla (2002), Sumaila and Walters (2005), Saez and Requena (2007) and Zerbe, Bauman, and Finkle (2006) amongst others but the debate about whether equity considerations can be…”
Reconciling sustainability, systems theory and discounting (2007, background): “Conventional cost benefit analyses have played an important role in this debate, but their results depend critically on inter-temporal discount rates, as well as other questionable assumptions (Neumayer, 1999a; Padilla, 2002; Ackerman and Heinzerling, 2004).”
Intergenerational discounting: a new intuitive approach (2005, background): “In a situation where one party is absent, the dCoasianT and dPigouvianT solution cannot help (Padilla, 2002).”
Intergenerational cost–benefit analysis and marine ecosystem restoration (2004, background): “In a situation where one party is absent, the ‘Coasian’ and ‘Pigouvian’ solution cannot help (Padilla 2002).”