“…One of the reasons for making contracts in the first place is that they lead to implementation. Formal generational contracts are implemented via social policies (Letablier, 2018), the welfare state at large (Adams, 1989; Albertini & Kohli, 2013; Daly, 2018; Duben, 2013; Farmer, 2005), or through specific re‐distributional systems such as pensions (Bandyopadhyay & La Pere, 2020; Guigou et al, 2012; Lang, 1990; Sánchez Fuentes et al, 2019), social security programmes (Turner, 1984), social health insurance (Buchner & Wasem, 2006), long‐term care policies (Izuhara, 2002), or policies on education (Zheng et al, 2019).…”