EconPapers    
Economics at your fingertips  
 

Aging, education and intergenerational flows in Uruguay

Maira Colacce, Veronica Amarante, Marisa Bucheli and Mathias Nathan
Additional contact information
Maira Colacce: Larefi - Laboratoire d'analyse et de recherche en économie et finance internationales - UB - Université de Bordeaux

Post-Print from HAL

Abstract: his article addresses the challenges posed by aging and inequality in a developing country, specifically Uruguay, by considering present and future intergenerational net public flows by age and socioeconomic group. We discuss the potential impact of the aging process on public redistribution by age and socioeconomic group, based on population projections by educational level elaborated from the Wittgenstein Centre for Demography and Global Human Capital (WIC). To address the potential effects of changes in age and educational structures by 2050, we estimate education-specific per capita age-profiles for public inflows and outflows in the baseline year and apply them to 2050 projections. Our results show substantial disparities in the present age profile of net flows from the public sector to population by educational group: the higher the level of education, the earlier net transfers change from positive to negative for individuals. Only the less educated group benefits directly from public redistribution, while the other three educational groups are net payers. Under plausible scenarios of educational expansion, net public flows result in a higher surplus in public accounts. A linear decomposition of the dynamic effects shows that this result is mainly driven by educational improvement, as the associated increase in outflows leads to a surplus in public accounts. In this way, the negative effect of changes in the age structure on net flows is counteracted. Redistributive tensions between educational groups also tend to dilute in the medium term because of educational expansion.

Keywords: Intergenerational net transfers; Inequality; Education; Demographic change (search for similar items in EconPapers)
Date: 2021-02-01
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Published in The Journal of the Economics of Ageing, 2021, 18, pp.100306. ⟨10.1016/j.jeoa.2020.100306⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Aging, education and intergenerational flows in Uruguay (2021) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03894389

DOI: 10.1016/j.jeoa.2020.100306

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2025-03-19
Handle: RePEc:hal:journl:hal-03894389