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Intergenerational Transfers in Spain: The Role of Education

Author

Listed:
  • Gemma Abio

    (Universitat de Barcelona)

  • Concepció Patxot

    (Universitat de Barcelona)

  • Elisenda Rentería

    (Universitat Autònoma de Barcelona)

  • Guadalupe Souto

    (Universitat Autònoma de Barcelona)

Abstract

This paper shows the estimates of National Transfer Accounts (NTA) for Spain in 2006 disaggregated by education level. Overall, our results indicate that, besides age population composition, education level has a big impact on the economic behavior of households and, hence, on the aggregate economy. Educated households tend to participate more and longer in the labor market, to produce more and, consequently, to consume more. As differences in consumption are lower than in labor income, they are able to contribute to the public system with higher taxes and contributions, and they depend less on public transfers over their lifecycle. Therefore, education seems to be crucial to sustain the welfare state in an ageing society.

Suggested Citation

  • Gemma Abio & Concepció Patxot & Elisenda Rentería & Guadalupe Souto, 2017. "Intergenerational Transfers in Spain: The Role of Education," Hacienda Pública Española / Review of Public Economics, IEF, vol. 223(4), pages 101-130, December.
    • Handle: RePEc:hpe:journl:y:2017:v:223:i:4:p:101-130
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    References listed on IDEAS

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    Cited by:

    1. Amarante, Verónica & Bucheli, Marisa & Colacce, Maira & Nathan, Mathias, 2021. "Aging, education and intergenerational flows in Uruguay," The Journal of the Economics of Ageing, Elsevier, vol. 18(C).
    2. Brindusa Anghel & J. Ignacio Conde-Ruiz & Ignacio Marra de Artíñano, 2019. "Brechas Salariales de Género en España," Hacienda Pública Española / Review of Public Economics, IEF, vol. 229(2), pages 87-119, June.
    3. Abio, Gemma & Patxot, Concepció & Souto, Guadalupe & Istenič, Tanja, 2021. "The role of gender, education and family in the welfare organization: Disaggregating National Transfer Accounts," The Journal of the Economics of Ageing, Elsevier, vol. 20(C).
    4. Spielauer, Martin & Horvath, Thomas & Fink, Marian & Abio, Gemma & Souto, Guadalupe & Patxot, Ció & Istenič, Tanja, 2022. "Measuring the lifecycle impact of welfare state policies in the face of ageing," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 1-25.

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    More about this item

    Keywords

    Ageing; education; intergenerational transfers; public transfers; welfare state.;
    All these keywords.

    JEL classification:

    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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