Public expenditure on education in the time of population aging- Which educational stages does the elderly support?

Miki Miyaki () and Masaki Kimura ()
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Miki Miyaki: Rikkyo University, College of Business
Masaki Kimura: Bank of Japan, Financial Markets Department

No 16-29, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: This paper examines the elderly fs preference on public educational expenditures by each stage of education, i.e., from preschool to higher education. Utilizing a dynamic panel estimation method with Japanese prefectural data in the 1975-2012 period (38 years), we found that before 1990s the elderly tended to support public spending on almost every educational stage, especially on higher stages such as high school and university education. After 2000s, however, their preference was not to support government spending on earlier stages such as kindergarten and primary education. As the share of the elderly in eligible voters is becoming higher with the progress of population aging, their preference on government expenditures is gaining more influence on political decision. These results provide a foundation to discuss the allocation of public expenditure among educational stages under the circumstances of serious budget constraints.

Keywords: population aging; public expenditure on education; educational stages; dynamic panel (search for similar items in EconPapers)
JEL-codes: H52 H75 I28 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2016-11
New Economics Papers: this item is included in nep-age, nep-cdm, nep-dem, nep-edu and nep-pbe
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:1629

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