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Persistent link: https://www.econbiz.de/10000931150
The paper presents a model where public pensions are determined by majority voting. Voters differ by age and income. Moreover, life expectancy increases with income. Depending on the strength of the link between contributions and benefits, and the relationship between income and life expectancy,...
Persistent link: https://www.econbiz.de/10011438959
A large literature has claimed that higher political participation increases welfare spending. In this paper, I review this literature. I study the theoretical link between participation and redistributive spending. Then, I survey the empirical literature on the link between education, income...
Persistent link: https://www.econbiz.de/10011867915
Persistent link: https://www.econbiz.de/10003412296
Persistent link: https://www.econbiz.de/10003511176
This paper surveys models of voting on redistribution. Under reasonable assumptions, the baseline model produces an equilibrium with the extent of redistributive taxation chosen by the median income earner; if the median is poorer than average, redistribution is from rich to poor. Increasing...
Persistent link: https://www.econbiz.de/10003005145
Persistent link: https://www.econbiz.de/10013436317
The paper presents a model where public pensions are determined by majority voting. Voters differ by age and income. Moreover, life expectancy increases with income. Depending on the strength of the link between contributions and benefits, and the relationship between income and life expectancy,...
Persistent link: https://www.econbiz.de/10010260696
his paper surveys models of voting on redistribution. Under reasonable assumptions, the baseline model produces an equilibrium with the extent of redistributive taxation chosen by the median income earner; if the median is poorer than average, redistribution is from rich to poor. Increasing...
Persistent link: https://www.econbiz.de/10010260861
We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income. We compare four different systems and analyse voters' choices among them: a traditional subsidy scheme, a pure loan scheme, income contingent loans and graduate taxes. Using...
Persistent link: https://www.econbiz.de/10010271868