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Political Preferences and the Aging of Populations: Political-Economy Explanations of Pension Reform

Political Preferences and the Aging of Populations: Political-Economy Explanations of Pension Reform

Paperback

General Political ScienceGeneral SociologyInternational Relations

ISBN10: 3658086149
ISBN13: 9783658086145
Publisher: Springer vs
Published: Jan 16 2015
Pages: 188
Weight: 0.63
Height: 0.49 Width: 5.83 Depth: 8.27
Language: English
Oliver Pamp analyzes the likelihood and extent of pension reforms from a political-economy perspective. It is shown that voters' preferences for or against reforms are influenced by a societies' demographic development, the generosity of its existing public pension scheme and its electoral system. The author extensively reviews existing formal models of pension systems, discusses their merits and limitations, and develops a three-period overlapping generations model. The model's insights regarding individual reform preferences are then put into the context of different electoral systems, thus emphasizing the important role of electoral institutions in the aggregation of societal preferences. Finally, using cross-national survey data, logit and ordered-logit analyses tentatively confirm some of the model's main implications.

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General Political Science