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Title: | Financing public education when altruistic agents have retirement concerns |
Author: | Montolio, Daniel Piolatto, Amedeo Salvadori, Luca |
Keywords: | Ensenyament públic Elecció d'escola Pensions Anàlisi financera Public education School choice Pensions Investment analysis |
Issue Date: | 2022 |
Publisher: | Institut d’Economia de Barcelona |
Series/Report no: | [WP E-IEB22/01] |
Abstract: | We study, theoretically and empirically, the link between voters’ support for public education and pensions when agents are free to choose between public and private education. We show that the (inter-generational) redistributive component in the retirement system creates a link between pensions and education. Specifically, the current investment in education increases future productivity and, hence, future tax proceeds. This channel applies for households that chose private education too. Consequently, the support for publicly financed education grows together with the generosity and degree of redistribution of the retirement system. The empirical analysis uses repeated cross-country surveys to confirm the model predictions. |
Note: | Reproducció del document publicat a: https://ieb.ub.edu/wp-content/uploads/2022/02/IEB_Report_04_2021.pdf |
It is part of: | IEB Working Paper 2022/01 |
URI: | http://hdl.handle.net/2445/183642 |
Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
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File | Description | Size | Format | |
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IEB22-01_Montolio+Piolatto+Salvadori.pdf | 800.25 kB | Adobe PDF | View/Open |
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