The weight of the median voter ageing on public debt
This paper studies the relationship between an ageing society and voter preference for financing public expenditures with debt versus income taxation. We focus on advanced economies and OECD members where ageing is relatively severe, the political process is more democratic, and economic institution...
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| Veröffentlicht in: | Constitutional political economy 2018-03, Vol.29 (1), p.69-92 |
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| creator | Dautovic, Ernest |
| description | This paper studies the relationship between an ageing society and voter preference for financing public expenditures with debt versus income taxation. We focus on advanced economies and OECD members where ageing is relatively severe, the political process is more democratic, and economic institutions are subject to electorate scrutiny. Since there are no international data sources available for the median voter age, one of the contributions of this paper is the construction of a median voter series for the countries included in the study. The sample period covers 30 years, from 1980 to 2010. The panel estimates confirm the Brennan hypothesis (Const Polit Econ 23(3):182–198,
2012
). A 1-year ageing of the median voter increases the public debt to GDP ratio by on the order of 4.5 percentage points. |
| doi_str_mv | 10.1007/s10602-017-9248-8 |
| format | Article |
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2012
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2012
). 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| ispartof | Constitutional political economy, 2018-03, Vol.29 (1), p.69-92 |
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| language | eng |
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| source | Worldwide Political Science Abstracts; HeinOnline Law Journal Library; SpringerNature Journals |
| subjects | Aging Constitutional Law Democracy Economic models Economic Theory/Quantitative Economics/Mathematical Methods Financing GDP Government spending Gross Domestic Product International economic organizations Median voter Original Paper Political institutions Political Science Political Science and International Relations Political Science and International Studies Public debt Public finance Scrutiny Taxation Voter behavior Voters |
| title | The weight of the median voter ageing on public debt |
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