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| Tekijä: | Koethenbuerger, M. Poutvaara, P. Profeta, P. |
| Otsikko: | Why are more redistributive social security systems smaller? A median voter approach |
| Lehti: | Oxford Economic Papers
2008 : APR, VOL. 60:2, p. 275-292 |
| Asiasana: | social security models Europe |
| Kieli: | eng |
| Tiivistelmä: | This paper compares pension systems with flat-rate and earnings-related (here as: ern-rltd.) benefit formulas, based on data of eight European countries. It is found that the median voter is typically middle-aged with high income. For these voters, ern-rltd. systems are more attractive both because of less intragenerational redistribution and lower distortions in labour supply. The median voter model can also account for a considerable degree of cross-country variation in contribution rates. |
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