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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

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

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

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

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

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

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

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

The Duration of Youth Unemployment in West Germany : Some Theoretical Considerations

Franz, Wolfgang - 2021

This paper presents a theoretical model dealing with the duration of youth unemployment in West Germany. Duration can …

Persistent link: https://www.econbiz.de/10013249173

The Reservation Wage of Unemployed Persons in the Federal Republic of Germany : Theory and Empirical Tests

Franz, Wolfgang - 2021

This study examines the determinants of the reservation wage of unemployed persons in the Federal Republic of Germany …

Persistent link: https://www.econbiz.de/10013249255