SOCIAL SECURITY REFORM AND THE SUPPORT FOR PUBLIC EDUCATION

Iñigo Iturbe Ormaetxe () and Guadalupe Valera
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Iñigo Iturbe Ormaetxe: Universidad de Alicante
Guadalupe Valera: Universidad Pablo de Olavide
Authors registered in the RePEc Author Service: Inigo Iturbe-Ormaetxe

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: The provision of pensions for the old and public education for the young represent a large share of public budgets. In most Western countries, current Social Security systems are under a big financial stress. Several reforms have been proposed to solve this problem. This paper deals with the impact that some of these reforms have, through a political process, on publicly financed education. We develop a model linking both public transfer schemes, in which heterogeneous individuals vote the educational tax. Our findings show that most of the proposals that entail a partial privatization of the pension system have a negative impact on public education and, thus, on economic growth.

Keywords: Social Security Reform; Human Capital; Public Education; Voting. (search for similar items in EconPapers)
JEL-codes: D72 H55 I22 J24 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2004-05
New Economics Papers: this item is included in nep-edu, nep-hrm, nep-pbe and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://www.ivie.es/downloads/docs/wpasad/wpasad-2004-19.pdf Fisrt version / Primera version, 2004 (application/pdf)

Related works:
Journal Article: Social security reform and the support for public education (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2004-19

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