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Voting on social security : Evidence from OECD countries

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1997

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European Journal of Political Economy. 1997, 13(4), pp. 705-724. ISSN 0176-2680. eISSN 1873-5703. Available under: doi: 10.1016/S0176-2680(97)00031-1

Zusammenfassung

We test the subset of models of public choice of social security that have empirical predictions. The data, collected for this paper from the OECD countries for the years 1960, 1970, 1980, and 1990, provide some support for each of the theories. Higher median voter age, more income heterogeneity, greater similarity in family size, and variables that make a public pension program more profitable are all associated with a larger program. However, none of the theories explains why the shape of the age distribution and the time trend are so important. The results are robust under both fixed effects and random effects estimation.

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Fachgebiet (DDC)
330 Wirtschaft

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Public pensions; Social security; Public choice; Median voter; Empirical tests

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ISO 690BREYER, Friedrich, Ben CRAIG, 1997. Voting on social security : Evidence from OECD countries. In: European Journal of Political Economy. 1997, 13(4), pp. 705-724. ISSN 0176-2680. eISSN 1873-5703. Available under: doi: 10.1016/S0176-2680(97)00031-1
BibTex
@article{Breyer1997-12Votin-33393,
  year={1997},
  doi={10.1016/S0176-2680(97)00031-1},
  title={Voting on social security : Evidence from OECD countries},
  number={4},
  volume={13},
  issn={0176-2680},
  journal={European Journal of Political Economy},
  pages={705--724},
  author={Breyer, Friedrich and Craig, Ben}
}
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