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...

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Detalles Bibliográficos
Autores: Michailidis, Gianko, Patxot, Concepció
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
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spelling Political viability of public pensions and education. An empirical applicationMichailidis, GiankoPatxot, ConcepcióPolítica econòmicaEnvelliment de la poblacióPensionsMacroeconomiaEconomic policyPopulation agingPensionsMacroeconomicsPublic 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.Taylor and Francis2019info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersionapplication/pdfhttps://hdl.handle.net/2445/131707Articles publicats en revistes (Economia)reponame:Dipòsit Digital de la UBinstname:Universidad de BarcelonaInglésVersió postprint del document publicat a: https://doi.org/10.1080/13504851.2018.1458188Applied Economics Letters, 2019, vol. 26, num. 3, p. 245-249https://doi.org/10.1080/13504851.2018.1458188(c) Taylor and Francis, 2019info:eu-repo/semantics/openAccessoai:diposit.ub.edu:2445/1317072026-05-27T06:46:51Z
dc.title.none.fl_str_mv Political viability of public pensions and education. An empirical application
title Political viability of public pensions and education. An empirical application
spellingShingle Political viability of public pensions and education. An empirical application
Michailidis, Gianko
Política econòmica
Envelliment de la població
Pensions
Macroeconomia
Economic policy
Population aging
Pensions
Macroeconomics
title_short Political viability of public pensions and education. An empirical application
title_full Political viability of public pensions and education. An empirical application
title_fullStr Political viability of public pensions and education. An empirical application
title_full_unstemmed Political viability of public pensions and education. An empirical application
title_sort Political viability of public pensions and education. An empirical application
dc.creator.none.fl_str_mv Michailidis, Gianko
Patxot, Concepció
author Michailidis, Gianko
author_facet Michailidis, Gianko
Patxot, Concepció
author_role author
author2 Patxot, Concepció
author2_role author
dc.subject.none.fl_str_mv Política econòmica
Envelliment de la població
Pensions
Macroeconomia
Economic policy
Population aging
Pensions
Macroeconomics
topic Política econòmica
Envelliment de la població
Pensions
Macroeconomia
Economic policy
Population aging
Pensions
Macroeconomics
description 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.
publishDate 2019
dc.date.none.fl_str_mv 2019
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/131707
url https://hdl.handle.net/2445/131707
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a: https://doi.org/10.1080/13504851.2018.1458188
Applied Economics Letters, 2019, vol. 26, num. 3, p. 245-249
https://doi.org/10.1080/13504851.2018.1458188
dc.rights.none.fl_str_mv (c) Taylor and Francis, 2019
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) Taylor and Francis, 2019
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Taylor and Francis
publisher.none.fl_str_mv Taylor and Francis
dc.source.none.fl_str_mv Articles publicats en revistes (Economia)
reponame:Dipòsit Digital de la UB
instname:Universidad de Barcelona
instname_str Universidad de Barcelona
reponame_str Dipòsit Digital de la UB
collection Dipòsit Digital de la UB
repository.name.fl_str_mv
repository.mail.fl_str_mv
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