Download full text
(716.3Kb)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-95186-7
Exports for your reference manager
Financing public education when agents have retirement concerns
[journal article]
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 ... view more
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.... view less
Keywords
education system; education; pension; pension policy; redistribution; public expenditures; Intergenerational relations; inter-generational contract; productivity; ISSP
Classification
Macroanalysis of the Education System, Economics of Education, Educational Policy
Public Finance
Free Keywords
inter‐generational redistribution; majority voting; pension system; private education; public education; public spending; retirement; taxes; ISSP1985 (ZA1490); ISSP1990 (ZA1950); ISSP1996 (ZA2900); ISSP2006 (ZA4700)
Document language
English
Publication Year
2022
Page/Pages
p. 1559-1580
Journal
Economic inquiry, 60 (2022) 4
DOI
https://doi.org/10.1111/ecin.13094
ISSN
0095-2583
Status
Published Version; peer reviewed