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On the political economy of social security and public education

Poutvaara, Panu - 2001

This paper proposes and analyzes a model of a European economy with three overlapping generations, redistributive social security, and public universities without tuition. Individuals differ ex ante. The effect of wage tax rate on occupational choice and the voting equilibrium of wage tax rate...

Persistent link: https://www.econbiz.de/10011398016

The political (in)stability of funded social security

Beetsma, Roel; Komada, Oliwia; Makarski, Krzysztof; … - 2021

We analyze the political stability of funded social security. Using a stylized theoretical framework we study the mechanisms behind governments capturing social security assets in order to lower current taxes. The results and the driving mechanisms carry over to a fully-fledged and carefully...

Persistent link: https://www.econbiz.de/10012648353

Voting on public pensions with hand and feet : how young migrants try to escape from gerontocracy

Haupt, Alexander; Peters, Wolfgang - 2001

, nevertheless, is restricted by migration of the young generations. This connection between political voting on intergenerational … case in which the young generations migration decision takes its effect on future pensions into account (strategic … migration) and the case in which it only reflects differentials in labor income (myopic migration). The paper also pays …

Persistent link: https://www.econbiz.de/10011399341

Public pensions and return migration

Krieger, Tim - Department Volkswirtschaftslehre, Fachbereich für … - 2006

the positive effects to other groups in society. When return migration is allowed for, the median voter is more willing to …

Persistent link: https://www.econbiz.de/10010826837

Voting on public pensions with hands and feet

Haupt, Alexander; Peters, Wolfgang - In: Economics of Governance 4 (2003) 1, pp. 57-80

of the EU, the success of the gerontocracy is, nevertheless, limited by migration of the young generations. This … interregional competition on public pensions yields premium payments which are larger when the young generations' migration … decisions take the impact on future pensions into account (strategic migration) than when these decisions are made myopically …

Persistent link: https://www.econbiz.de/10005391099

On the Political Economy of Social Security and Public Education

Poutvaara, Panu - 2004

This paper analyzes simultaneous voting on the wage tax rate and investment in public education with three overlapping generations and productivity differences inside each cohort. Wage tax revenue finances public education and social security benefits. The presence of productivity differences...

Persistent link: https://www.econbiz.de/10010262150

The Political (In)Stability of Funded Social Security

Beetsma, Roel M. W. J.; Komada, Oliwia; Makarski, Krzysztof - 2021

Persistent link: https://www.econbiz.de/10012882341

Why are more redistributive social security systems smaller? : A median voter approach

Köthenbürger, Marko (contributor); … - 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 "efficiency-redistribution" trade-off to be resolved by political process. The inefficiency of social security...

Persistent link: https://www.econbiz.de/10003280758

Social Security in Germany: A Prey of Political Opportunism?

Potrafke, Niklas - 2007

This paper examines how politicians influenced social security policy in Germany. Using yearly data from the German Pension Insurance from 1957 to 2005, revenues as well as expenditures are analysed in linear regression models, respectively. In accordance with opportunistic political behaviour,...

Persistent link: https://www.econbiz.de/10010260907

Why are more redistributive social security systems smaller? : A median voter approach

Koethenbuerger, Marko; Poutvaara, Panu; Profeta, Paola - 2005

We suggest a political economy explanation for the stylized fact that intragenerationally more redistributive social security systems are smaller. Our key insight is that linking benefits to past earnings (less redistributiveness) reduces the efficiency cost of social security (due to endogenous...

Persistent link: https://www.econbiz.de/10010261136