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The literature on intergenerational conflict and public budgets has shown that the demands of the elderly may crowd out educational spending. We extend this literature to take into account altruism within the family where individuals care about the welfare of family members. The conflicting...
Persistent link: https://www.econbiz.de/10008488432
A recurrent assertion is that aging will intensify age-related conflict over public budget allocation. If people are led by their self-interest, the young will prioritize public education services, while the elderly will demand better pensions and health-care services. Addressing this issue...
Persistent link: https://www.econbiz.de/10011056300
Persistent link: https://www.econbiz.de/10005108973