Voting on Majority Rules

We analyse an overlapping generations model of voting on "reform projects". These resemble investments in that they first require some investment expenditure and later payoff. Since the time during which old people get the benefit is shorter, or because older people are more wealthy and hence pay more taxes, they are more conservative (against reforms) than young people. Copyright The Review of Economic Studies Limited, 2004.

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Year of publication:	2004
Authors:	Messner, Matthias ; Polborn, Mattias K.
Published in:	Review of Economic Studies. - Wiley Blackwell, ISSN 0034-6527. - Vol. 71.2004, 1, p. 115-132
Publisher:	Wiley Blackwell

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005312838