Pensions, Education, and Growth: A Positive Analysis

Tetsuo Ono and Yuki Uchida

No 14-37, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: This study presents an overlapping generations model to capture the nature of the competition between generations regarding two redistribution policies, public education and public pensions. In addition, we investigate the effects of population aging on these policies and economic growth from a political economy viewpoint. We show that two aging factors, longevity and the political power of the old, have op- posite effects on redistribution policies and economic growth. The relative strength between the two factors is negative for pensions, but hump-shaped patterns appear for public education and economic growth.

Keywords: economic growth; population aging; public education; public pen-sions (search for similar items in EconPapers)
JEL-codes: D78 E24 H55 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2014-12
New Economics Papers: this item is included in nep-age, nep-dge, nep-gro, nep-mac and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Pensions, education, and growth: A positive analysis (2016)
Working Paper: Pensions, Education, and Growth: A Positive Analysis (2016)
Working Paper: Pensions, Education, and Growth: A Positive Analysis (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:1437

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