Financing public education when agents have retirement concerns
研究了选民对公共教育和养老金的支持之间的联系，发现养老金制度的代际再分配成分使教育投入与未来养老金挂钩，从而影响对公共教育的支持。
Abstract We study, theoretically and empirically, the link between voters' support for public education and pensions. We show that the (inter‐generational) redistributive component of the retirement system creates a link between current spending on education and future pensions. Specifically, investments in education increase the young's productivity and, hence, future tax proceeds that will finance the current workers' pension. Consequently, the support for publicly financed education grows together with the generosity and degree of redistribution of the retirement system. The empirical analysis uses repeated cross‐country surveys to confirm the model predictions.