The Viability of a Voting System that Allocates Parliamentary Seats According to Life Expectancy: An analysis using OLG models
AbstractThis paper constructs an overlapping generations model in order to demonstrate low political intervention and interaction in the working and retired generations affect the allocation rate in future growth-stimulating public investment and the public pension. It also analyzes the possibility of moving to a voting system that allocates parliamentary seats according to life expectancy. The presented results suggest the following three main findings. Firstly, the voting system is important when population demographics change. Declining birthrates and an aging population may shorten the temporal perspective for policymaking over time. Any theoretical transition from the current voting system to a voting system that allocates parliamentary seats according to life expectancy would thus lengthen the temporal perspective for policymaking, potentially increasing the public investment rate and improving the utilities of the working and future generations. Secondly, when age-based voting turnout disparity is high, the shift from the current voting system to one based on life expectancy and region or life expectancy and age is possible. Thirdly, if both transitions from the current system are possible, moving to the latter would offer greater possibility for increasing the utilities of the working generation and future generations than moving to the former.
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Bibliographic InfoPaper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series CIS Discussion paper series with number 571.
Length: 28 p.
Date of creation: Oct 2012
Date of revision:
Public investment; Public pension; OLG model; Generational-based constituency bloc; Demeny voting system; Life expectancy;
Find related papers by JEL classification:
- D90 - Microeconomics - - Intertemporal Choice and Growth - - - General
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
- J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
- O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-10-27 (Economics of Ageing)
- NEP-ALL-2012-10-27 (All new papers)
- NEP-CDM-2012-10-27 (Collective Decision-Making)
- NEP-DEM-2012-10-27 (Demographic Economics)
- NEP-DGE-2012-10-27 (Dynamic General Equilibrium)
- NEP-POL-2012-10-27 (Positive Political Economics)
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