We analyse how institutional and political decisions are intertwined. Citizens who differ in their mobility and ability vote first on labour market integration and afterwards on education policy. The institutional decision on integration influences the succeeding education policy. More...

We study voting over higher education finance in an economy with two regions and two separated labor markets. Households differ in their financial endowment and their children's ability. Non-students are immobile. Students decide where to study; they return home after graduation with exogenous...

The upcoming demographic crisis in Germany demands fundamentalreforms of the pension system. In a democracy, reforms are, however, onlyfeasible when they are supported by the majority of the electorate. Todetermine whether the majority is in favor of reforms of the pension system,we calculate...

We study voting over higher education finance in an economy with two regions and two separated labor markets. Households dffer in their financial endowment and their children's ability. Non-students are immobile. Students decide where to study; they return home after graduation with exogenous...

Generally, privatization of state-owned enterprises is believed to enhance economic efficiency and competitiveness and to improve the overall economic performance of a country. So, can there be too much privatization? We show that this depends on the political objectives that are pursued with a...

The upcoming demographic crises in Germany demands fundamental reforms of the pension system. In a democracy, reforms are, however, only feasible when they are supported by the majority of the electorate. To determine whether the majority is in favor of reforms of the pension system, we...

Die Deutschen werden immer älter und haben immer weniger Kinder. Die Verschiebung der Altersverteilung macht es immer schwieriger, die Rentenansprüche zu befriedigen, und sie verringert das Stimmgewicht der Jungen im demokratischen Entscheidungsprozess. Der Artikel zeigt, dass derzeit noch...