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Induced Retirement, Social Security, and the Pyramid Mirage
Mulligan, Casey B. - 2021
Does Social Security redistribute across cohorts? Or is it a program for purchasing the jobs' of the elderly? I formalize both models, showing how they have some predictions in common the most important of which is that generational accounts have the appearance of a pyramid scheme.' I also...
Persistent link: https://www.econbiz.de/10013221937
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Social Security, Retirement, and the Single-Mindedness of the Electorate
Mulligan, Casey B.; Sala-i-Martin, Xavier - 2021
We propose a positive theory that is consistent with two important features of social security programs around the …
Persistent link: https://www.econbiz.de/10013222047
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Social Security in Theory and Practice (I) : Facts and Political Theories
Mulligan, Casey B.; Sala-i-Martin, Xavier - 2021
groups: political', efficiency' and narrative' theories. We explore three political theories in this paper: the majority … the explanations is compared with the international and historical facts. A companion paper explores the efficiency' and …
Persistent link: https://www.econbiz.de/10013311193
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Gerontocracy, Retirement, and Social Security
Mulligan, Casey B.; Sala-i-Martin, Xavier - 2021
Why are the old politically successful? We build a simple interest group model in which political pressure is time-intensive, showing that in the political competitive equilibrium each group lobbies for government policies that lower their own value of time but that the old do so to a greater...
Persistent link: https://www.econbiz.de/10013311630
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How Tax Complexity and Enforcement Affect the Equity and Efficiency of the Income Tax
Kaplow, Louis - 2021
been analyzed in terms of the equity and efficiency concerns that animate more familiar assessments of income tax policy …
Persistent link: https://www.econbiz.de/10013237016
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Can Monopoly Unionism Explain Publicly Induced Retirement?
Mulligan, Casey B. - 2021
It has long been suggested that trade unions take actions and favor public policies that reduce the quantity of labor so that union members might enjoy greater labor incomes. Can this explain the prevalence of generous public pension programs inducing retirement? I suggest not, by formalizing...
Persistent link: https://www.econbiz.de/10013310129
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Social Security and Democracy
Mulligan, Casey B.; Gil, Ricard; Sala-i-Martin, Xavier - 2021
Many political economic theories use and emphasize the process of voting in their explanation of the growth of Social Security, government spending, and other public policies. But is there an empirical connection between democracy and Social Security program size or design? Using some new...
Persistent link: https://www.econbiz.de/10013310228
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On the Undesirability of Commodity Taxation Even When Income Taxation is Not Optimal
Kaplow, Louis - 2021
addition, for commodity tax reforms that do not eliminate or proportionally reduce differential taxation, a simple efficiency …
Persistent link: https://www.econbiz.de/10013224218
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Young and Out in Germany : On the Youths' Chances of Labor Market Entrance in Germany
Franz, Wolfgang; Inkmann, Joachim; Pohlmeier, Winfried; … - 2021
This paper deals with the labor market entrance of young people in the Federal Republic" of Germany. The main focus is … on failures during this stage. First, an overview of the youth" labor market in Germany is given. Then, the transition …
Persistent link: https://www.econbiz.de/10013222219
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German and American Wage and Price Dynamics : Differences and Common Thenes
Franz, Wolfgang; Gordon, Robert J. - 2021
The evolution of unemployment in West Germany and the U. S. stands in sharp contrast, with German unemployment much … big difference berween the two countries is that there is no feedback from wages to prices in Germany, and so high … unemployment does not put downward pressure on the inflation rate. During the 19705 and 19805 in Germany there emerged a growing …
Persistent link: https://www.econbiz.de/10013237265