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Social Security Reform And The Support For Public Education

  • Iñigo Iturbe Ormaetxe

    ()

    (Universidad de Alicante)

  • Guadalupe Valera

    (Universidad Pablo de Olavide)

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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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2004-19.

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Length: 27 pages
Date of creation: May 2004
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:2004-19
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  28. De Gregorio, Jose, 1996. "Borrowing constraints, human capital accumulation, and growth," Journal of Monetary Economics, Elsevier, vol. 37(1), pages 49-71, February.
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