Social security and democracy

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Sala-i-Martin, Xavier. Social security and democracy. 2002
http://hdl.handle.net/10230/552
To cite or link this document: http://hdl.handle.net/10230/552
dc.contributor.author Sala-i-Martin, Xavier
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 2002-06-01
dc.identifier.uri http://hdl.handle.net/10230/552
dc.description.abstract Many political economic theories use and emphasize the process of voting in their explanation of the growth of Social Security, government spending, and other public policies. But is there an empirical connection between democracy and Social Security program size or design? Using some new international data sets to produce both country-panel econometric estimates as well as case studies of South American and southern European countries, we find that Social Security policy varies according to economic and demographic factors, but that very different political histories can result in the same Social Security policy. We find little partial effect of democracy on the size of Social Security budgets, on how those budgets are allocated, or how economic and demographic factors affect Social Security. If there is any observed difference, democracies spend a little less of their GDP on Social Security, grow their budgets a bit more slowly, and cap their payroll tax more often, than do economically and demographically similar nondemocracies. Democracies and nondemocracies are equally likely to have benefit formulas inducing retirement and, conditional on GDP per capita, equally likely to induce retirement with a retirement test vs. an earnings test.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 621
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Social security and democracy
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:14:07Z
dc.subject.keyword Macroeconomics and International Economics
dc.subject.keyword social security
dc.subject.keyword democracy
dc.subject.keyword determinants of public spending
dc.rights.accessRights info:eu-repo/semantics/openAccess


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