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Intergenerational Redistribution in Representative Democracies

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  • Ven, M.E.A.J. van de

    (Tilburg University)

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    Abstract

    Abstract: This thesis deals with political decision making on intergenerational redistributive policies via public debt, public pensions and public investment. Members of different generations have different preferences on these redistributive policies. The resulting intergenerational conflict is resolved in the political process. Using a representative democracy framework, the decision making on these policies is performed by politicians who are chosen to represent the different generations present. Future generations not yet alive are therefore not represented though they may be confronted with the effects of current policy choices. The evolution of public policies due to this political conflict is analysed where the effect of current policy choices on future policy choices is taken into account. Besides, comparisons are made to social welfare maximizing governments and central planners. Also the effects of different sets of policy instruments on the policy choice are analysed.

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    Bibliographic Info

    Paper provided by Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-73589.

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    Length: 153
    Date of creation: 1996
    Date of revision:
    Publication status: Published
    Handle: RePEc:ner:tilbur:urn:nbn:nl:ui:12-73589

    Note: Dissertation
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    Web page: http://www.tilburguniversity.edu/

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    References

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    1. Xavier Sala-i-Martin, 1995. "A positive theory of social security," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra 108, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Weil, Philippe, 1989. "Overlapping families of infinitely-lived agents," Journal of Public Economics, Elsevier, Elsevier, vol. 38(2), pages 183-198, March.
    3. Alberto Alesina & Guido Tabellini, 1988. "Voting on the Budget Deficit," NBER Working Papers 2759, National Bureau of Economic Research, Inc.
    4. Guido Tabellini, 1989. "The Politics of Intergenerational Redistribution," NBER Working Papers 3058, National Bureau of Economic Research, Inc.
    5. Meijdam , A.C. & Verbon , H. & Stek, E. van, 1995. "Herverdeling tussen generaties," Open Access publications from Tilburg University, Tilburg University urn:nbn:nl:ui:12-381398, Tilburg University.
    6. Harrie Verbon & Marijn Verhoeven, 1992. "Decision making on pension schemes under rational expectations," Journal of Economics, Springer, Springer, vol. 56(1), pages 71-97, February.
    7. Seater, John J, 1993. "Ricardian Equivalence," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 31(1), pages 142-90, March.
    8. Veall, Michael R., 1986. "Public pensions as optimal social contracts," Journal of Public Economics, Elsevier, Elsevier, vol. 31(2), pages 237-251, November.
    9. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 66, pages 467.
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    Cited by:
    1. Heijdra, B.J. & Meijdam, A.C., 1997. "Public Investment in a Small Open Economy," Discussion Paper, Tilburg University, Center for Economic Research 1997-80, Tilburg University, Center for Economic Research.

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