Why are more redistributive social security systems smaller? A median voter approach
نویسندگان
چکیده
منابع مشابه
Social Security: a financial appraisal for the median voter.
Several explanations have been proposed for why voters continue to support unfunded social security systems. Browning (1975) suggests that the extremely large unfunded pension systems of most democracies depend on the existence of a voting majority composed of middle-aged and older people who fail to fully internalize the cost of financing the system. In fact, when voting, economically rational...
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ژورنال
عنوان ژورنال: Oxford Economic Papers
سال: 2007
ISSN: 0030-7653,1464-3812
DOI: 10.1093/oep/gpm043