I study to what extent voters are forward looking and how future income affects the voting decision. Particularly, I … income, transitory income has no explanatory power on voting behaviour, supporting the hypothesis of forward looking voting …. As expected, a high expected permanent income leads to Conservative voting and a low income to Socialist voting. …

majority voting on redistribution? Fairness preferences are relevant for redistribution outcomes only if fair-minded voters are … pivotal. Pivotality, in turn, depends on the structure of income classes. We experimentally study voting on redistribution … to matter if the "rich" are in majority. With a "poor" majority, we find that redistribution outcomes look as if all …

security systems are smaller. We relate the stylized fact to an "efficiency-redistribution" trade-off to be resolved by …

voters, earnings-related systems are more attractive both because of less intragenerational redistribution and lower …

support higher contribution rates in political equilibrium. We test our theory with a numerical analysis of eight European …

, nevertheless, is restricted by migration of the young generations. This connection between political voting on intergenerational … redistribution and voting with the feet is analyzed in a two-country model with overlapping generations. We distinguish between the … case in which the young generations' migration decision takes its effect on future pensions into account (strategic …