@techreport{Borck2003choice,
abstract = {The paper presents a model where public pensions are determined by majority
voting. Voters differ by age and income. Moreover, life expectancy increases with
income. Depending on the strength of the link between contributions and benefits,
and the relationship between income and life expectancy, individually optimal tax
rates may increase or decrease with income. If they decrease, high tax rates are
supported by pensioners and poor workers. If they increase with income, the coalition
for high tax rates consists of pensioners and rich workers. `Ends against the middle'
equilibria are also possible.},
address = {Berlin},
author = {Rainald Borck},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H55; D72; 330; Voting; public pensions; life expectancy; Gesetzliche Rentenversicherung; Wahlverhalten; Einkommen; Sterblichkeit; Theorie},
language = {eng},
number = {369},
publisher = {Deutsches Institut f\"{u}r Wirtschaftsforschung (DIW)},
title = {On the choice of public pensions when income and life expectancy are correlated},
type = {DIW-Diskussionspapiere},
url = {http://hdl.handle.net/10419/18126},
year = {2003}
}
