المستودع الأكاديمي جامعة المدينة

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

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dc.creator Koethenbuerger, Marko
dc.creator Poutvaara, Panu
dc.creator Profeta, Paola
dc.date 2005
dc.date.accessioned 2013-10-16T07:01:14Z
dc.date.available 2013-10-16T07:01:14Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18761
dc.identifier ppn:479296715
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18761
dc.description 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 labor supply). This encourages voters who benefit from social security to support higher contribution rates in political equilibrium. We test our theory with a numerical analysis of eight European countries. Our simple, but suggestive median voter model performs relatively well in explaining the stylized fact and cross-country differences in social security contribution rates.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1397
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D72
dc.subject H55
dc.subject ddc:330
dc.subject earnings-related and flat-rate benefits
dc.subject social security
dc.subject public pensions
dc.subject median voter model
dc.subject Sozialversicherung
dc.subject Soziale Sicherung
dc.subject Einkommensumverteilung
dc.subject Sozialversicherungsbeitrag
dc.subject Umlageverfahren
dc.subject Median Voter
dc.subject Schätzung
dc.subject EU-Staaten
dc.title Why are more redistributive social security systems smaller? : A median voter approach
dc.type doc-type:workingPaper


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