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dc.contributor.authorMontén, Annaen_US
dc.contributor.authorThum, Marcelen_US
dc.description.abstractWe develop a simple model of fiscal competition among ageing municipalities. When ageing advances, gerontocracies and social planners gradually substitute publicly provided goods aimed at the mobile young population for publicly provided goods for the elderly. This substitution process does not only depend on the ageing itself but also on crowding effects and on the regional distribution of the elderly population. We show that fiscal competition prevents the exploitation of the young. When the share of the elderly is sufficiently large, the utility of the young is even higher in gerontocracies than in welfare maximizing societies. Due to fiscal competition, the gerontocracies will provide even more of the publicly provided good for the young than the social planner.en_US
dc.publisherCenter for Economic Studies and Ifo Institute (CESifo) Munichen_US
dc.relation.ispartofseriesCESifo working paper 2469en_US
dc.subject.keywordDemographic changeen_US
dc.subject.keywordfiscal competitionen_US
dc.subject.keywordpublicly provided goodsen_US
dc.subject.stwÖffentliches Guten_US
dc.subject.stwAlternde Bevölkerungen_US
dc.subject.stwAbwanderung und Widerspruchen_US
dc.titleAgeing municipalities, gerontocracy and fiscal competitionen_US
dc.typeWorking Paperen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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