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http://hdl.handle.net/10419/18126
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| Title: | | On the choice of public pensions when income and life expectancy are correlated  |
| Authors: | | Borck, Rainald |
| Issue Date: | | 2003 |
| Series/Report no.: | | DIW-Diskussionspapiere 369 |
| 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. |
| Subjects: | | Voting public pensions life expectancy |
| JEL: | | H55 D72 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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