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Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

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Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF APPLIED BUSINESS AND ECONOMICS

Intergenerational Leadership: Coordinating

Common Goods and Economic Stability

Author(s): Julia M. Puaschunder

Citation: Julia M. Puaschunder, (2017) "Intergenerational Leadership: Coordinating Common Goods and Economic Stability," Journal of Applied Business and Economics, Vol. 19, Iss.11, pp. 64-77

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Globalization leveraged pressure on contemporary society. Global systemic risks of climate change and

overindebtedness in the aftermath of the 2008/09 World Financial Crisis currently raise attention for

intergenerational fairness. Pressing social dilemmas beyond the control of singular nation states call for

corporate social activities to back governmental regulation in crisis mitigation. The following paper

promotes the idea of intergenerational equity in the corporate world as an alternative means to

coordinating the common goods and imbuing economic stability beyond a purely governmental approach.

The outlined intergenerational equity constraints herald a call for intergenerational equity – the fairness

to provide an at least as favorable standard of living as enjoyed today. As an implicit contract and

transfer inbetween living and future generations, intergenerational equity avoids discriminating against

future generations and ensures future infrastructure, equal opportunities over time and constant access to

social welfare for the youth. Intergenerational equity grants a favorable climate between generations and

alleviates frictions arising from the negative impacts of intergenerational inequity. Outlining some of the

causes of the current intergenerational imbalances regarding climate stability and overindebtedness

prepares for recommendations on how to implement intergenerational transfers. The impact of

intergenerational transfers on societal well-being is discussed. Future research avenues comprise of

investigating situational factors influencing intergenerational leadership in the international arena in

order to advance the idea of the private sector aiding on intergenerational imbalances and tackling the

most pressing contemporary challenges of mankind.