# name
Political viability of intergenerational transfers. An empirical application

# metadata.dc.description.abstract[].value
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

# metadata.dc.publisher[].value
Universitat de Barcelona. Facultat d'Economia i Empresa

# metadata.dc.relation.ispartof[].value
UB Economics – Working Papers, 2018, E18/370

# metadata.dc.rights[].value
cc-by-nc-nd, (c) Michailidis et al., 2018

# metadata.dc.title[].value
Political viability of intergenerational transfers. An empirical application