Social security reform and the support for public education |
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Authors: | I?igo Iturbe-Ormaetxe Guadalupe Valera |
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Institution: | (1) Departamento de Fundamentos del An?lisis Econ?mico, Universidad de Alicante, 03080 Alicante, Spain;(2) Departamento de Econom?a, M?t. Cuantitativos e Ha. Econ?mica, Universidad Pablo de Olavide, 41013 Sevilla, Spain |
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Abstract: | Old age pensions and public education account for a large share of public budgets. We link both programs through a tax-transfer
system that is also sensitive to labor market distortions. We analyze the impact that alternative pension reforms have, through
the political process, on publicly financed education. We explain how changes in the pension system design affect the link
between the two programs and also labor market incentives. These effects, if they exist, act in opposite directions. Overall,
we find that most proposals that entail a partial privatization of pensions reduce the willingness of the society to fund
public education. |
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Keywords: | |
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