Political viability of public pensions and education. An empirical application
Public intergenerational transfers (IGTs) may emerge from the failure of private arrangements to provide optimal economic resources for the young and old. We investigate the political sustainability of the public system of IGTs by seeking to determine the outcome if the decision to reallocate econom...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión aceptada para publicación |
| Fecha de publicación: | 2019 |
| País: | España |
| Institución: | Universidad de Barcelona |
| Repositorio: | Dipòsit Digital de la UB |
| OAI Identifier: | oai:diposit.ub.edu:2445/131707 |
| Acceso en línea: | https://hdl.handle.net/2445/131707 |
| Access Level: | acceso abierto |
| Palabra clave: | Política econòmica Envelliment de la població Pensions Macroeconomia Economic policy Population aging Macroeconomics |
| Sumario: | Public intergenerational transfers (IGTs) may emerge from the failure of private arrangements to provide optimal economic resources for the young and old. We investigate the political sustainability of the public system of IGTs by seeking to determine the outcome if the decision to reallocate economic resources per se was put to the vote. Exploiting the particular nature of the data from the National Transfer Accounts and the political economy application of Rangel (2003), we show that most of the developed countries would vote in favor of a joint public education and pension system. Interestingly, political support is strengthened when we account for population ageing. |
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