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Article

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Accepted version

Publication date

2022-10-01

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(c) Western Economic Association International, 2022
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/200584

Financing public education when agents have retirement concerns

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https://doi.org/10.1111/ecin.13094

Abstract

We study, theoretically and empirically, the link between voters' support for public education and pensions. We show that the (inter‐generational) redis-tributive component of the retirement system creates a link between current spending on education and future pensions. Specifically, investments in edu-cation increase the young's productivity and, hence, future tax proceeds that will finance the current workers' pension. 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.

Subject

Ensenyament públic, Pensions a la vellesa, Eleccions, Vot

Subject (English)

Public education, Old age pensions, Elections, Voting

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Articles publicats en revistes (Economia)

Citation

MONTOLIO, Daniel, PIOLATTO, Amedeo and SALVADORI, Luca. Financing public education when agents have retirement concerns. Economic Inquiry. 2022. Vol. 60, num. 1559-1580. ISSN 0095-2583. [consulted: 13 of August of 2026]. Available at: https://hdl.handle.net/2445/200584

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