Intergenerational Fairness: Will Our Kids Live Better than We Do

Abstract

Institute's reputation for quality, integrity and nonpartisanship is its chief asset. Its books, Commentaries and E-Briefs undergo a rigorous two-stage review by internal staff, and by outside academics and independent experts. The Institute publishes only studies that meet its standards for analytical soundness, factual accuracy and policy relevance. It subjects its review and publication process to an annual audit by external experts. As a registered Canadian charity, the C.D. Howe Institute accepts donations to further its mission from individuals, private and public organizations, and charitable foundations. It accepts no donation that stipulates a predetermined result or otherwise inhibits the independence of its staff and authors. The Institute requires that its authors disclose any actual or potential conflicts of interest of which they are aware. Institute staff members are subject to a strict conflict of interest policy. C.D. Howe Institute staff and authors provide policy research and commentary on a non-exclusive basis. No Institute publication or statement will endorse any political party, elected official or candidate for elected office. The views expressed are those of the author(s). The Institute does not take corporate positions on policy matters.

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“…Growth of the working-age population will likely slow from an annual rate above 1 percent over the past three decades to a rate closer to 0.5 percent over the next three (Mahboubi 2019). If output per worker were to rise at its historical rate of 1.3 percent, that slower rate of workforce growth would produce real GDP growth around 1.8 percent annually.…”

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“…Less widely noted is that the aging of people out of the workforce is slowing growth in GDP and the tax base. Indeed, growth of the working-age population is projected to slow from an annual rate slightly above 1.0 percent over the past three decades to a rate closer to 0.5 percent over the next three (Mahboubi 2019).…”