Greying the Budget : Ageing and Preferences over Public Policies
This paper looks at how individual preferences for the allocation of government spending change along the life cycle. Using the Life in Transition Survey II for 34 countries in Europe and Central Asia, the study finds that older individuals are les...
| Main Authors: | , , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25861532/greying-budget-ageing-preferences-over-public-policies http://hdl.handle.net/10986/23732 |
| Summary: | This paper looks at how individual
preferences for the allocation of government spending change
along the life cycle. Using the Life in Transition Survey II
for 34 countries in Europe and Central Asia, the study finds
that older individuals are less likely to support a rise in
government outlays on education and more likely to support
increases in spending on pensions. These results are very
similar across countries, and they do not change when using
alternative model specifications, estimation methods, and
data sources. Using repeated cross-sections, the analysis
controls for cohort effects and confirms the main results.
The findings are consistent with a body of literature
arguing that conflict across generations over the allocation
of public expenditures may intensify in ageing economies. |
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