Does Information Increase Political Support for Pension Reform?
AbstractAn opinion poll on a representative sample of Italian citizens suggests that it does. We focus on reforms that would lengthen retirement age and/or cut pension benefits. After controlling for individual features of the respondent, we find that individuals who are more informed about the costs and functioning of the Italian pension system are more willing to accept reforms. This result holds also using non-parametric methods, such as propensity-score matching. However, the data also suggest that information is endogenous, and jointly determined with policy opinions. We therefore estimate a causal effect of information, with joint maximum likelihood and instrumental variables. These different methods all confirm a positive and significant causal effect of better information on the willingness to accept reforms that reduce the generosity of the pension system. Finally we do not find that exposure to media coverage of pension issues significantly improves information, possibly because individuals read newspaper articles or watch TV programs on these issues just to confirm their priors.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 5319.
Date of creation: Oct 2005
Date of revision:
Contact details of provider:
Postal: Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ.
Phone: 44 - 20 - 7183 8801
Fax: 44 - 20 - 7183 8820
Other versions of this item:
- Tito Boeri & Guido Tabellini, 2012. "Does information increase political support for pension reform?," Public Choice, Springer, vol. 150(1), pages 327-362, January.
- Tito Boeri & Guido Tabellini, 2005. "Does Information Increase Political Support for Pension Reform?," Levine's Working Paper Archive 784828000000000244, David K. Levine.
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Martinelli, Cesar, 2006.
"Would rational voters acquire costly information?,"
Journal of Economic Theory,
Elsevier, vol. 129(1), pages 225-251, July.
- Author-Name: Alan S. Blinder & Alan B. Krueger, 2004.
"What Does the Public Know about Economic Policy, and How Does It Know It?,"
Brookings Papers on Economic Activity,
Economic Studies Program, The Brookings Institution, vol. 35(1), pages 327-397.
- Alan Blinder & Alan Krueger, 2004. "What Does the Public Know about Economic Policy, and How Does It Know It?," Working Papers 875, Princeton University, Department of Economics, Industrial Relations Section..
- Alan S. Blinder & Alan B. Krueger, 2004. "What Does the Public Know about Economic Policy, and How Does It Know It?," NBER Working Papers 10787, National Bureau of Economic Research, Inc.
- Alan S. Blinder & Alan B. Krueger, 2004. "What Does the Public Know about Economic Policy, and How Does It Know It?," Working Papers 103, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Blinder, Alan S. & Krueger, Alan B., 2004. "What Does the Public Know about Economic Policy, and How Does It Know It?," IZA Discussion Papers 1324, Institute for the Study of Labor (IZA).
- Alan S. Gerber & Dean Karlan & Daniel Bergan, 2009.
"Does the Media Matter? A Field Experiment Measuring the Effect of Newspapers on Voting Behavior and Political Opinions,"
American Economic Journal: Applied Economics,
American Economic Association, vol. 1(2), pages 35-52, April.
- Gerber, Alan & Karlan, Dean & Bergan, Daniel, 2006. "Does The Media Matter? A Field Experiment Measuring the Effect of Newspapers on Voting Behavior and Political Opinions," Working Papers 12, Yale University, Department of Economics.
- Alan Gerber & Dean Karlan & Daniel Bergan, 2006. "Does the media matter? A field experiment measuring the effect of newspapers on voting behavior and political opinions," Natural Field Experiments 00252, The Field Experiments Website.
- Tim Krieger, 2008.
"Public pensions and return migration,"
Springer, vol. 134(3), pages 163-178, March.
- Valentino Larcinese, 2005.
"Does political knowledge increase turnout? Evidence from the 1997 British general election,"
LSE Research Online Documents on Economics
3614, London School of Economics and Political Science, LSE Library.
- Valentino Larcinese, 2007. "Does political knowledge increase turnout? Evidence from the 1997 British general election," Public Choice, Springer, vol. 131(3), pages 387-411, June.
- Valentino Larcinese, 2005. "Does Political Knowledge Increase Turnout? Evidence from the 1997 British General Election," STICERD - Political Economy and Public Policy Paper Series 01, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Tabellini, Guido, 1990.
"A Positive Theory of Social Security,"
CEPR Discussion Papers
394, C.E.P.R. Discussion Papers.
- Browning, Edgar K, 1975. "Why the Social Insurance Budget Is Too Large in a Democracy," Economic Inquiry, Western Economic Association International, vol. 13(3), pages 373-88, September.
- Alessandro Gavazza & Alessandro Lizzeri, 2009. "Transparency and Economic Policy," Review of Economic Studies, Oxford University Press, vol. 76(3), pages 1023-1048.
- repec:bla:restud:v:76:y:2009:i:3:p:1023-1048 is not listed on IDEAS
- Tito Boeri & Axel Börsch-Supan & Guido Tabellini, 2001. "Would you like to shrink the welfare state? A survey of European citizens," Economic Policy, CEPR & CES & MSH, vol. 16(32), pages 7-50, 04.
- Tito Boeri & Axel Boersch-Supan & Guido Tabellini, 2002. "Pension Reforms and the Opinions of European Citizens," American Economic Review, American Economic Association, vol. 92(2), pages 396-401, May.
- Wang, Lu & Davis, Otto A, 2003. " Freedom and Other Variables in the Choice of Public Pension Systems," Public Choice, Springer, vol. 114(3-4), pages 361-85, March.
- Tullio Jappelli & Mario Padula & Renata Bottazzi, 2003. "Retirement Expectations and Pension Reforms," CSEF Working Papers 92, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Angel Melguizo & Manuel Balmaseda & David Taguas, 2005.
"Las reformas necesarias en el sistema de pensiones contributivas en Espana,"
0505, BBVA Bank, Economic Research Department.
- Balmaseda, Manuel & Melguizo, Angel & Taguas, David, 2006.
"Las reformas necesarias en el sistema de pensiones contributivas en España
[Reforming the Spanish contributory pension system]," MPRA Paper 19574, University Library of Munich, Germany, revised 01 Mar 2006.
- Balmaseda, Manuel & Melguizo, Angel & Taguas, David, 2006. "Las reformas necesarias en el sistema de pensiones contributivas en España
- repec:ebl:ecbull:v:10:y:2008:i:2:p:1-8 is not listed on IDEAS
- Arji Lans Bovenberg, 2007. "Grey new world: Europe on the road to gerontocracy, Introduction by Arji Lans Bovenberg," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 8(3), pages 17-25, October.
- Beatrice Scheubel & Daniel Schunk & Joachim Winter, 2009. "Don't Raise the Retirement Age! An Experiment on Opposition to Pension Reforms and East-West Differences in Germany," CESifo Working Paper Series 2752, CESifo Group Munich.
- Jakob Haan & Richard Jong-A-Pin & Jochen Mierau, 2013.
"Do budgetary institutions mitigate the common pool problem? New empirical evidence for the EU,"
Springer, vol. 156(3), pages 423-441, September.
- Jakob de Haan & Richard Jong-A-Pin & Jochen O. Mierau, 2012. "Do Budgetary Institutions Mitigate the Common Pool Problem? New Empirical Evidence for the EU," KOF Working papers 12-303, KOF Swiss Economic Institute, ETH Zurich.
- El Mekkaoui de Freitas, Najat & Kukla, Bénédicte & Legendre, Bérangère, 2010. "Les systèmes d’information sur les retraites en Europe et aux États-Unis," Economics Papers from University Paris Dauphine 123456789/11272, Paris Dauphine University.
- Bernd Hayo & Hiroyuki Ono, 2007.
"Comparing Public Attitudes Towards Providing for the Livelihood of the Elderly in Two aging Sodieties: Germany and Japan,"
Marburg Working Papers on Economics
200703, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Hayo, Bernd & Ono, Hiroyuki, 2010. "Comparing public attitudes toward providing for the livelihood of the elderly in two aging societies: Germany and Japan," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(1), pages 72-80, January.
- Alessandro Bucciol & Luca Zarri, 2013. "Lying in Politics: Evidence from the US," Working Papers 22/2013, University of Verona, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.