The financial aspect of intergenerational solidarity from the point of view of the senior

Many currents in economics put an emphasis on the social aspect of management. Recommendations are formulated with regard to using resources having in mind the satisfaction of needs by the current and future generations. The economic crisis has shown the bad state of public finance of many countrie...

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Main Author: Dariusz Piotrowski
Format: Article
Language:English
Published: Nicolaus Copernicus University in Toruń 2014-11-01
Series:Copernican Journal of Finance & Accounting
Subjects:
Online Access:https://apcz.umk.pl/CJFA/article/view/4714
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author Dariusz Piotrowski
author_facet Dariusz Piotrowski
author_sort Dariusz Piotrowski
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description Many currents in economics put an emphasis on the social aspect of management. Recommendations are formulated with regard to using resources having in mind the satisfaction of needs by the current and future generations. The economic crisis has shown the bad state of public finance of many countries and put into question the existence of intergenerational solidarity in the financial terms. The lack of balance between generations is related with a high level of public debt and social obligations of the state burdening chiefly the young generation. The study aims at examining how seniors understand the nature and financial expressions of intergenerational solidarity. The supplementary objective is to learn the seniors’ views on the need and directions of reforms of the Polish public finance, in particular in the scope of pension and health benefits. Objectives were achieved and research hypotheses verified through the critical analysis of literature on the issue and on the basis of the author’s survey among the members of the Toruń Third Age University and the Kujawsko-Dobrzyński Third Age University. The results achieved allow for a conclusion that the vast majority of respondents understand the notion of intergenerational solidarity incorrectly are not aware of the scale of financial obligations which were put on the younger generations, and put too much emphasis on their own input into the increase of our country’s wealth. It Has also turned out that seniors very often present a demanding attitude in the field of the state’s social expenditure and do not take into consideration the financial capabilities of the state. Translated by Dariusz Piotrowski
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spelling doaj.art-84dc2d1b712140159037932781321f822023-09-03T03:09:16ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652014-11-0132The financial aspect of intergenerational solidarity from the point of view of the seniorDariusz Piotrowski Many currents in economics put an emphasis on the social aspect of management. Recommendations are formulated with regard to using resources having in mind the satisfaction of needs by the current and future generations. The economic crisis has shown the bad state of public finance of many countries and put into question the existence of intergenerational solidarity in the financial terms. The lack of balance between generations is related with a high level of public debt and social obligations of the state burdening chiefly the young generation. The study aims at examining how seniors understand the nature and financial expressions of intergenerational solidarity. The supplementary objective is to learn the seniors’ views on the need and directions of reforms of the Polish public finance, in particular in the scope of pension and health benefits. Objectives were achieved and research hypotheses verified through the critical analysis of literature on the issue and on the basis of the author’s survey among the members of the Toruń Third Age University and the Kujawsko-Dobrzyński Third Age University. The results achieved allow for a conclusion that the vast majority of respondents understand the notion of intergenerational solidarity incorrectly are not aware of the scale of financial obligations which were put on the younger generations, and put too much emphasis on their own input into the increase of our country’s wealth. It Has also turned out that seniors very often present a demanding attitude in the field of the state’s social expenditure and do not take into consideration the financial capabilities of the state. Translated by Dariusz Piotrowski https://apcz.umk.pl/CJFA/article/view/4714intergenerational solidaritypublic financesocial expenditure
spellingShingle Dariusz Piotrowski
The financial aspect of intergenerational solidarity from the point of view of the senior
Copernican Journal of Finance & Accounting
intergenerational solidarity
public finance
social expenditure
title The financial aspect of intergenerational solidarity from the point of view of the senior
title_full The financial aspect of intergenerational solidarity from the point of view of the senior
title_fullStr The financial aspect of intergenerational solidarity from the point of view of the senior
title_full_unstemmed The financial aspect of intergenerational solidarity from the point of view of the senior
title_short The financial aspect of intergenerational solidarity from the point of view of the senior
title_sort financial aspect of intergenerational solidarity from the point of view of the senior
topic intergenerational solidarity
public finance
social expenditure
url https://apcz.umk.pl/CJFA/article/view/4714
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