Generational conflict and education politics: Implications for growth and welfare

Abstract

This study considers the politics of public education and its impact on economic growth and welfare across generations. We employ probabilistic voting to demonstrate the generational conflict regarding taxes and spending and show that aging results in a tax burden shift from the retired to the working generation, reduction in public education spending, and ultimately in slowing down economic growth. We subsequently consider a legal constraint that aims to boost education spending: a spending floor for education. This constraint stimulates economic growth but creates a trade-off between current and future generations' welfare. Finally, the quantitative implications of our results are explored by calibrating the model to the Japanese economy.

Bibliometric Analysis of the Evolution of Themes and Research Directions in Economic Security in the Context of Digitalization

“…To prepare for this bibliometric research, the term "economic securit*" was selected, utilising the asterisk symbol to encompass all words belonging to the same lexical family. The Web of Science (WoS) Core Collection database was chosen as the primary data source because it is the best option in terms of age and frequent usage for research evaluation [6]. The focus is primarily on articles, excluding books, conference materials, or reviews.…”

Antecedents of Islamic welfare: productivity, education, and the financial aspect

“…As mentioned above, education and the financial aspect have impacts on productivity. On the other hand, based on various empirical studies, there are strong arguments that individual welfare could be related to education (Coelli et al , 2007; Uchida and Ono, 2021; Liu and Macho-Stadler, 2023), financial inclusion (N’dri and Kakinaka, 2020; Toure, 2021; Hidayat and Sari, 2022), financial literacy (Mindra and Moya, 2017; Xu et al , 2022), financial planning (Herrador-Alcaide et al , 2020) and productivity (Darko et al , 2018; Gupta et al , 2018; Wei et al , 2020). However, because the antecedents that affect Islamic welfare have still not received much attention, questions have arisen, firstly, whether education, financial inclusion, financial literacy and financial planning can be antecedents that affect Islamic welfare and, secondly, whether productivity can be a mediator to improve Islamic welfare, with a specific focus on observations about East Java, Indonesia.…”