Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/119687
Title: | Political viability of intergenerational transfers. An empirical application |
Author: | Michailidis, Gianko Patxot, Concepció |
Keywords: | Relacions intergeneracionals Generacions Envelliment de la població Pensions Macroeconomia Generations Population aging Pensions Macroeconomics |
Issue Date: | 2018 |
Publisher: | Universitat de Barcelona. Facultat d'Economia i Empresa |
Series/Report no: | [WP E-Eco18/370] |
Abstract: | Public intergenerational transfers (IGTs) may arise because of the failure of private arrangements to provide optimal economic resources for the young and the old. We examine the political sustainability of the system of public IGTs by asking what the outcome would be if the decision per se to reallocate economic resources between generations was put to the vote. By exploiting the particular nature of National Transfer Accounts data – transfers for pensions and education and total public transfers – and the political economy application proposed by Rangel (2003) we show that most developed countries would vote in favor of a joint public education and pension system. Moreover, our results indicate that a system of total public IGTs to the young and elderly would attract substantial political support and, hence, would be politically viable for most countries in the sample |
It is part of: | UB Economics – Working Papers, 2018, E18/370 |
URI: | http://hdl.handle.net/2445/119687 |
ISSN: | 1136-8365 |
Appears in Collections: | UB Economics – Working Papers [ERE] Documents de treball / Informes (Economia) |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
E18-370_Michailidis.pdf | 444.8 kB | Adobe PDF | View/Open |
This item is licensed under a
Creative Commons License