Köthenbürger, Marko; Poutvaara, Panu; Profeta, Paola - Institute for the Study of Labor (IZA) - 2005
We suggest a political economy explanation for the stylized fact that intragenerationally more redistributive social security systems are smaller. We relate the stylized fact to an "efficiencyredistribution" trade-off to be resolved by political process. The inefficiency of social security...