Title:
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Political viability of public pensions and education. An empirical application
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Author:
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Michailidis, Gianko; Patxot, Concepció
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Other authors:
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Universitat de Barcelona |
Abstract:
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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. |
Subject(s):
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-Política econòmica -Envelliment de la població -Pensions -Macroeconomia -Economic policy -Population aging -Pensions -Macroeconomics |
Rights:
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(c) Taylor and Francis, 2019
info:eu-repo/semantics/embargoedAccess |
Document type:
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Article Article - Accepted version |
Published by:
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Taylor and Francis
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