Eiras, Martin Gonzalez; Niepelt, Dirk - Departamento de Economía, Universidad de San Andrés - 2004
instrumental in that respect, the vote-maximizing platform under electoral competition sustains a large social security system … solutions for both the Ramsey and the probabilistic voting case. Under realistic parameter values, the model predicts a social … security tax rate of 12 percent, as compared to a Ramsey tax rate of 3.5 percent. Other predictions of the model are also …