Financing public education when agents have retirement concerns

Autor:	Daniel Montolio, Amedeo Piolatto, Luca Salvadori
Rok vydání:	2022
Předmět:	Economics and Econometrics Public education Ensenyament públic Old age pensions Vot Pensions a la vellesa Voting Elections Eleccions General Business Management and Accounting
Zdroj:	Dipòsit Digital de Documents de la UAB Universitat Autònoma de Barcelona
ISSN:	1465-7295 0095-2583
Popis:	Altres ajuts: acords transformatius de la UAB Altres ajuts: Economic and Social Research Council (ES/S00713X/) We study, theoretically and empirically, the link between voters' support for public education and pensions. We show that the (inter-generational) redistributive component of the retirement system creates a link between current spending on education and future pensions. Specifically, investments in education increase the young's productivity and, hence, future tax proceeds that will finance the current workers' pension. Consequently, the support for publicly financed education grows together with the generosity and degree of redistribution of the retirement system. The empirical analysis uses repeated cross-country surveys to confirm the model predictions.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::347d9e575d3c88ed203700132d6f94b9 https://doi.org/10.1111/ecin.13094 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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