The Viability of a Voting System that Allocates Parliamentary Seats According to Life Expectancy: An analysis using OLG models
This 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.
|Date of creation:||Oct 2012|
|Contact details of provider:|| Postal: 2-1 Naka, Kunitachi City, Tokyo 186-8603|
Web page: http://cis.ier.hit-u.ac.jp/
More information through EDIRC
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.:
- Friedrich Breyer & Ben R. Craig, 1995.
"Voting on social security: evidence from OECD countries,"
9511, Federal Reserve Bank of Cleveland.
- Breyer, Friedrich & Craig, Ben, 1997. "Voting on social security: Evidence from OECD countries," European Journal of Political Economy, Elsevier, vol. 13(4), pages 705-724, December.
- Martial Foucault & Thierry Madies & Sonia Paty, 2008.
"Public Spending Interactions and Local Politics. Empirical Evidence from French Municipalities,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
- Martial Foucault & Thierry Madies & Sonia Paty, 2008. "Public spending interactions and local politics. Empirical evidence from French municipalities," Public Choice, Springer, vol. 137(1), pages 57-80, October.
- Sonia Paty & Martial Foucault & Thierry Madiès, 2008. "Public spending interactions and local politics: Empirical evidence from french municipalities," Post-Print halshs-00418871, HAL.
- D'Amato, Marcello & Galasso, Vincenzo, 2010.
"Political intergenerational risk sharing,"
Journal of Public Economics,
Elsevier, vol. 94(9-10), pages 628-637, October.
- Marcello D'Amato & Vincenzo Galasso, 2009. "Political Intergenerational Risk Sharing," CSEF Working Papers 216, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Marcello D’Amato & Vincenzo Galasso, 2008. "Political Intergenerational Risk Sharing," Working Papers 342, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- D'Amato, Marcello & Galasso, Vincenzo, 2008. "Political Intergenerational Risk Sharing," CEPR Discussion Papers 6972, C.E.P.R. Discussion Papers.
- Rogoff, Kenneth, 1990.
"Equilibrium Political Budget Cycles,"
American Economic Review,
American Economic Association, vol. 80(1), pages 21-36, March.
- Tabellini, Guido & Alesina, Alberto, 1990.
"Voting on the Budget Deficit,"
American Economic Review,
American Economic Association, vol. 80(1), pages 37-49, March.
- Alberto Alesina & Guido Tabellini, 1988. "Voting on the Budget Deficit," NBER Working Papers 2759, National Bureau of Economic Research, Inc.
- Tabellini, Guido & Alesina, Alberto, 1990. "Voting on the Budget Deficit," Scholarly Articles 4553030, Harvard University Department of Economics.
- Guido Tabellini & Alberto Alesina, 1988. "Voting on the Budget Deficit," UCLA Economics Working Papers 539, UCLA Department of Economics.
- Alesina, Alberto F & Tabellini, Guido, 1988. "Voting on the Budget Deficit," CEPR Discussion Papers 269, C.E.P.R. Discussion Papers.
- Crain, W. Mark & Tollison, Robert D., 1993. "Time inconsistency and fiscal policy : Empirical analysis of U.S. States, 1969-89," Journal of Public Economics, Elsevier, vol. 51(2), pages 153-159, June.
- Alesina, Alberto Francesco & Perotti, Roberto & Tavares, Jose, 1998. "The Political Economy of Fiscal Adjustments," Scholarly Articles 12553724, Harvard University Department of Economics.
- Makoto Hirazawa & Koji Kitaura & Akira Yakita, 2010. "Aging, fertility, social security and political equilibrium," Journal of Population Economics, Springer;European Society for Population Economics, vol. 23(2), pages 559-569, March.
- Shi, Min & Svensson, Jakob, 2006. "Political budget cycles: Do they differ across countries and why?," Journal of Public Economics, Elsevier, vol. 90(8-9), pages 1367-1389, September.
- Alberto Alesina & Roberto Perotti & José Tavares, 1998. "The Political Economy of Fiscal Adjustments," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 197-266.
- Oguro, Kazumasa & Shimasawa, Manabu & Aoki, Reiko & Oshio, Takashi, 2010. "Demographic Change, Intergenerational Altruism, and Fiscal Policy : A Political Economy Approach," PIE/CIS Discussion Paper 493, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Alberto Alesina & Allan Drazen, 1989.
"Why are Stabilizations Delayed?,"
NBER Working Papers
3053, National Bureau of Economic Research, Inc.
- Ihori, Toshihiro & Itaya, Jun-ichi, 2001. "A dynamic model of fiscal reconstruction," European Journal of Political Economy, Elsevier, vol. 17(4), pages 779-797, November.
- Ronald Kneebone & Kenneth McKenzie, 2001. "Electoral and Partisan Cycles in Fiscal Policy: An Examination of Canadian Provinces," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 8(5), pages 753-774, November.
- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy,
University of Chicago Press, vol. 94(5), pages 1002-1037, October.
When requesting a correction, please mention this item's handle: RePEc:hit:cisdps:571. 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: (Digital Resources Section, Hitotsubashi University Library)
If references are entirely missing, you can add them using this form.