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Power to youth: Designing democracy for long-term well-being

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  • Gersbach, Hans
  • Kleinschmidt, Tobias

Abstract

Democratic processes may not take the welfare of future generations sufficiently into account and thus may not achieve sustainability. We introduce rejection/support rewards (RSRs) and show that a dual democratic mechanism-RSRs and elections-can achieve sustainability. RSRs stipulate that incumbents who are not re-elected, but obtain the majority support among young voters, receive a particular monetary or non-monetary reward. Such rejection/support rewards induce politicians to undertake long-term beneficial policies, but may invite excessive reward-seeking. We identify optimal RSRs under different informational circumstances.

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  • Gersbach, Hans & Kleinschmidt, Tobias, 2009. "Power to youth: Designing democracy for long-term well-being," Mathematical Social Sciences, Elsevier, vol. 58(2), pages 158-172, September.
    • Handle: RePEc:eee:matsoc:v:58:y:2009:i:2:p:158-172
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    Cited by:

    1. Hans Gersbach & Oriana Ponta, 2017. "Unraveling short- and farsightedness in politics," Public Choice, Springer, vol. 170(3), pages 289-321, March.
    2. Hans Gersbach, 2024. "Forms of new democracy," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 62(4), pages 799-837, June.
    3. Gersbach, Hans & Grimm, Oliver & Becker, Johannes Gerd, 2010. "Debt-sensitive Majority Rules," CEPR Discussion Papers 7860, C.E.P.R. Discussion Papers.
    4. Andrés A. Acuna-Duarte, 2017. "Electoral apathy among Chilean youth: New evidence for the voter registration dilemma," Estudios Gerenciales, Universidad Icesi, vol. 33(145), pages 341-351, November.
    5. Hans Gersbach, 2022. "New Forms of Democracy," CESifo Working Paper Series 10134, CESifo.

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