Does Information Increase Political Support for Pension Reform?
An opinion poll on a representative sample of Italian citizens suggests that it does. We focus on reforms that would lengthen retirement age and/or cut pension benefits. After controlling for individual features of the respondent, we find that individuals who are more informed about the costs and functioning of the Italian pension system are more willing to accept reforms. This result holds also using non-parametric methods, such as propensity-score matching. However, the data also suggest that information is endogenous, and jointly determined with policy opinions. We therefore estimate a causal effect of information, with joint maximum likelihood and instrumental variables. These different methods all confirm a positive and significant causal effect of better information on the willingness to accept reforms that reduce the generosity of the pension system. Finally we do not find that exposure to media coverage of pension issues significantly improves information, possibly because individuals read newspaper articles or watch TV programs on these issues just to confirm their priors.
|Date of creation:||Oct 2005|
|Date of revision:|
|Contact details of provider:|| Postal: Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ.|
Phone: 44 - 20 - 7183 8801
Fax: 44 - 20 - 7183 8820
|Order Information:|| Email: |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Louviere,Jordan J. & Hensher,David A. & Swait,Joffre D., 2000. "Stated Choice Methods," Cambridge Books, Cambridge University Press, number 9780521788304, June.
- Alan S. Blinder & Alan B. Krueger, 2004.
"What Does the Public Know about Economic Policy, and How Does It Know It?,"
103, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Author-Name: Alan S. Blinder & Alan B. Krueger, 2004. "What Does the Public Know about Economic Policy, and How Does It Know It?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 35(1), pages 327-397.
- Blinder, Alan S. & Krueger, Alan B., 2004. "What Does the Public Know about Economic Policy, and How Does It Know It?," IZA Discussion Papers 1324, Institute for the Study of Labor (IZA).
- Alan S. Blinder & Alan B. Krueger, 2004. "What Does the Public Know about Economic Policy, and How Does It Know It?," NBER Working Papers 10787, National Bureau of Economic Research, Inc.
- Tullio Jappelli & Mario Padula & Renata Bottazzi, 2003. "Retirement Expectations and Pension Reforms," CSEF Working Papers 92, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Tabellini, Guido, 1990.
"A Positive Theory of Social Security,"
CEPR Discussion Papers
394, C.E.P.R. Discussion Papers.
- Gerber, Alan & Karlan, Dean & Bergan, Daniel, 2006.
"Does The Media Matter? A Field Experiment Measuring the Effect of Newspapers on Voting Behavior and Political Opinions,"
12, Yale University, Department of Economics.
- Alan S. Gerber & Dean Karlan & Daniel Bergan, 2009. "Does the Media Matter? A Field Experiment Measuring the Effect of Newspapers on Voting Behavior and Political Opinions," American Economic Journal: Applied Economics, American Economic Association, vol. 1(2), pages 35-52, April.
- Alan Gerber & Daniel Bergan & Dean Karlan, 2009. "Does the media matter? A field experiment measuring the effect of newspapers on voting behavior and political opinions," Natural Field Experiments 00252, The Field Experiments Website.
- Tim Krieger, 2008.
"Public pensions and return migration,"
Springer, vol. 134(3), pages 163-178, March.
- Valentino Larcinese, 2005.
"Does Political Knowledge Increase Turnout? Evidence from the 1997 British General Election,"
STICERD - Political Economy and Public Policy Paper Series
01, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Valentino Larcinese, 2007. "Does political knowledge increase turnout? Evidence from the 1997 British general election," Public Choice, Springer, vol. 131(3), pages 387-411, June.
- Valentino Larcinese, 2005. "Does political knowledge increase turnout? Evidence from the 1997 British general election," LSE Research Online Documents on Economics 3614, London School of Economics and Political Science, LSE Library.
- Cesar Martinelli, 2002.
"Would Rational Voters Acquire Costly Information?,"
0210, Centro de Investigacion Economica, ITAM.
- Wang, Lu & Davis, Otto A, 2003. "Freedom and Other Variables in the Choice of Public Pension Systems," Public Choice, Springer, vol. 114(3-4), pages 361-85, March.
- Tito Boeri & Axel Boersch-Supan & Guido Tabellini, 2002. "Pension Reforms and the Opinions of European Citizens," American Economic Review, American Economic Association, vol. 92(2), pages 396-401, May.
- Browning, Edgar K, 1975. "Why the Social Insurance Budget Is Too Large in a Democracy," Economic Inquiry, Western Economic Association International, vol. 13(3), pages 373-88, September.
- Tito Boeri & Axel Börsch-Supan & Guido Tabellini, 2001. "Would you like to shrink the welfare state? A survey of European citizens," Economic Policy, CEPR;CES;MSH, vol. 16(32), pages 7-50, 04.
- Alessandro Gavazza & Alessandro Lizzeri, 2009. "Transparency and Economic Policy," Review of Economic Studies, Oxford University Press, vol. 76(3), pages 1023-1048.
When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:5319. 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: ()
If references are entirely missing, you can add them using this form.