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Social Security in Germany: A Prey of Political Opportunism?

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  • Niklas Potrafke

Abstract

This paper examines how politicians influenced social security policy in Germany. Using yearly data from the German Pension Insurance from 1957 to 2005, revenues as well as expenditures are analysed in linear regression models, respectively. In accordance with opportunistic political behaviour, revenues from contributions decreased in pre-election years. Most important, pension expenditures increased in election years. Interestingly, the CDU/FDP governments provided higher subsidies to the social security system than the grand coalition and the SPD/GR government. Overall, there is no evidence for the prospect, that left coalitions caused higher intergenerational redistribution than right governments.

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File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.55857.de/dp677.pdf
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Bibliographic Info

Paper provided by DIW Berlin, German Institute for Economic Research in its series Discussion Papers of DIW Berlin with number 677.

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Length: 17 p.
Date of creation: 2007
Date of revision:
Handle: RePEc:diw:diwwpp:dp677

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Keywords: social security; partisan politics; pension system;

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Cited by:
  1. Conny Olovsson, 2014. "How Does a Pay-as-you-go System Affect Asset Returns and the Equity Premium?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(1), pages 131-149, January.

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