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Social security reform and the support for public education

Listed author(s):
  • Iñigo Iturbe-Ormaetxe

    ()

  • Guadalupe Valera

The provision of pensions for the old and public education for the young represent a large share of public budgets. In most Western countries, current Social Security systems are under a big financial stress. Several reforms have been proposed to solve this problem. This paper deals with the impact that some of these reforms have, through a political process, on publicly financed education. We develop a model linking both public transfer schemes, in which heterogeneous individuals vote the educational tax. Our findings show that most of the proposals that entail a partial privatization of the pension system have a negative impact on public education and, thus, on economic growth.

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File URL: http://hdl.handle.net/10.1007/s00148-010-0338-4
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Article provided by Springer & European Society for Population Economics in its journal Journal of Population Economics.

Volume (Year): 25 (2012)
Issue (Month): 2 (January)
Pages: 609-634

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Handle: RePEc:spr:jopoec:v:25:y:2012:i:2:p:609-634
DOI: 10.1007/s00148-010-0338-4
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