Document type
Working paperPublication date
Publication license
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/33975
Financing public education when altruistic agents have retirement concerns [WP]
Journal Title
Authors
Director/Tutor
Journal ISSN
Volume Title
Related resource
Abstract
[cat]El capital humà i, per tant, l’educació tenen un impacte en el benestar futur de la societat. En aquest treball s’estudia la connexió entre el suport dels votants per una educació pública i les preocupacions sobre la seva jubilació. Mostrem com els votants anticipen els efectes positius que té l’educació sobre les pensions futures. Així, el recolzament a un sistema educatiu públic s’incrementa si el sistema de pensions és més redistributiu, cosa que també es dóna entre els ciutadans que prefereixen una educació privada. També mostrem que el tipus d’equilibri “ends against the middle” pot ocórrer fins i tot quan la taxa impositiva preferida pels votants és decreixent amb la renda.
[eng]Human capital and, therefore, education have an impact on the society’s future welfare. In this paper we study the connection between the voters’ support to public education and the retirement concerns. We show that voters anticipate the positive effect of education on future pensions. The support for a publicly financed education system increases, the more redistributive the pension system is, and this is true also amongst citizens preferring a private school. We also show that the “ends against the middle” equilibrium can occur even when the voters’ preferred tax rate is decreasing in income.
[eng]Human capital and, therefore, education have an impact on the society’s future welfare. In this paper we study the connection between the voters’ support to public education and the retirement concerns. We show that voters anticipate the positive effect of education on future pensions. The support for a publicly financed education system increases, the more redistributive the pension system is, and this is true also amongst citizens preferring a private school. We also show that the “ends against the middle” equilibrium can occur even when the voters’ preferred tax rate is decreasing in income.
Subject (English)
Citation
Citation
MONTOLIO, Daniel and PIOLATTO, Amedeo. Financing public education when altruistic agents have retirement concerns [WP]. Documents de treball (Facultat d'Economia i Empresa. Espai de Recerca en Economia). 2011. Vol. E11/268. ISSN 1136-8365. [consulted: 16 of June of 2026]. Available at: https://hdl.handle.net/2445/33975