Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/131707
Title: | Political viability of public pensions and education. An empirical application |
Author: | Michailidis, Gianko Patxot, Concepció |
Keywords: | Política econòmica Envelliment de la població Pensions Macroeconomia Economic policy Population aging Pensions Macroeconomics |
Issue Date: | 2019 |
Publisher: | Taylor and Francis |
Abstract: | 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. |
Note: | Versió postprint del document publicat a: https://doi.org/10.1080/13504851.2018.1458188 |
It is part of: | Applied Economics Letters, 2019, vol. 26, num. 3, p. 245-249 |
URI: | http://hdl.handle.net/2445/131707 |
Related resource: | https://doi.org/10.1080/13504851.2018.1458188 |
ISSN: | 1350-4851 |
Appears in Collections: | Articles publicats en revistes (Economia) |
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File | Description | Size | Format | |
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680456.pdf | 328.68 kB | Adobe PDF | View/Open |
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