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Financing public education when altruistic agents have retirement concerns

Daniel Montolio (University of Barcelona (UB) and Barcelona Institute of Economics (IEB)) and Amedeo Piolatto (University of Barcelona (UB) and Barcelona Institute of Economics (IEB))
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Amedeo Piolatto (University of Barcelona (UB) and Barcelona Institute of Economics (IEB)): Universitat de Barcelona

Authors registered in the RePEc Author Service: Amedeo (Stefano Edoardo) Piolatto () and Daniel Montolio ()

No 268, Working Papers in Economics from Universitat de Barcelona. Espai de Recerca en Economia

Abstract: Human capital and, therefore, education have an impact on the societys future welfare. In this paper we study the connection between the voters support to public education and the retirement concerns. We show that voters anticipate the positive effect of education on future pensions. The support for a publicly financed education system increases, the more redistributive the pension system is, and this is true also amongst citizens preferring a private school. We also show that the ends against the middle equilibrium can occur even when the voters preferred tax rate is decreasing in income.

JEL-codes: D72 H55 H31 H42 H52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-dge, nep-edu, nep-lab and nep-pol
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

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Related works:
Working Paper: Financing public education when altruistic agents have retirement concerns (2011) Downloads
Working Paper: Financing public education: a political economy model with altruistic agents and retirement concerns (2011) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:bar:bedcje:2011268

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More papers in Working Papers in Economics from Universitat de Barcelona. Espai de Recerca en Economia Espai de Recerca en Economia, Facultat de Ciències Econòmiques. Tinent Coronel Valenzuela, Num 1-11 08034 Barcelona. Spain.. Contact information at EDIRC.
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