Pensions, Education, and Growth: A Positive Analysis

Tetsuo Ono and Yuki Uchida

No 14-37-Rev.2, 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. From a political economy viewpoint, we investigate the effects of population aging on these policies and economic growth. We show that greater longevity results in a higher pension-to-GDP ratio. However, an increase in longevity produces an initial increase followed by a decrease in the public education- to-GDP ratio. This, in turn, results in a hump-shaped pattern of the growth rate.

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: 32 pages
Date: 2014-12, Revised 2016-03
New Economics Papers: this item is included in nep-age, nep-dge, nep-edu, nep-gro, nep-mac and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

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http://www2.econ.osaka-u.ac.jp/library/global/dp/1437R2.pdf (application/pdf)

Related works:
Journal Article: Pensions, education, and growth: A positive analysis (2016)
Working Paper: Pensions, Education, and Growth: A Positive Analysis (2015)
Working Paper: Pensions, Education, and Growth: A Positive Analysis (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:1437r2

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