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Financing public education when agents have retirement concerns
[Zeitschriftenartikel]
Abstract 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 ... mehr
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.... weniger
Thesaurusschlagwörter
Bildungswesen; Bildung; Rente; Rentenpolitik; Umverteilung; öffentliche Ausgaben; Generationenverhältnis; Generationenvertrag; Produktivität; ISSP
Klassifikation
Makroebene des Bildungswesens
Öffentliche Finanzen und Finanzwissenschaft
Freie Schlagwörter
inter‐generational redistribution; majority voting; pension system; private education; public education; public spending; retirement; taxes; ISSP1985 (ZA1490); ISSP1990 (ZA1950); ISSP1996 (ZA2900); ISSP2006 (ZA4700)
Sprache Dokument
Englisch
Publikationsjahr
2022
Seitenangabe
S. 1559-1580
Zeitschriftentitel
Economic inquiry, 60 (2022) 4
DOI
https://doi.org/10.1111/ecin.13094
ISSN
0095-2583
Status
Veröffentlichungsversion; begutachtet (peer reviewed)