Public pensions may hinder education investment, impacting future human capital.
The article explores how political decisions about public education and social security can impact future generations. It shows that investing in public education can boost future human capital, but this doesn't necessarily lead to better social security. When public pensions are funded through taxes, it can reduce investment in education. However, if education is funded privately, implementing public pensions can improve education if the influence of older generations in politics is limited. A strong pension system influenced by older generations can harm both education and social security in the long run.