Public Pensions and Voting on Immigration
In a recent paper, Scholten and Thum (1996) analyze the impact of a pay-as-you-go (PAYG) pension system with a fixed replacement ratio on the immigration policy in a democracy. The authors extend the analysis of median voter's choice in two respects. First, in contrast to Scholten and Thum (1996) who assume myopic voting behavior, their paper considers fully rational agents and provides a solution under this more complex behavioral assumption. Voting with rational agents yields a more liberal immigration policy than with myopic voters. Second, the authors examine a different decision structure with a fixed contribution rate to the pension system. In this case the majority rule leads to a completely different solution. Copyright 1998 by Kluwer Academic Publishers
Volume (Year): 95 (1998)
Issue (Month): 3-4 (June)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/public+finance/journal/11127/PS2|
When requesting a correction, please mention this item's handle: RePEc:kap:pubcho:v:95:y:1998:i:3-4:p:403-13. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.