Large young population leads to less education funding; imbalance in public provision in politics.
The article explores how public education is decided in relation to income redistribution. By using a model with political parties, the study shows how society picks taxes and divides the money between helping low-income young people through education and income redistribution for the elderly. When there aren't too many young people, both rich and young poor folks end up teaming up to reduce government size and fund education. But if there are too many young people, income support overtakes education funding in politics.