The survival of the welfare state

被引:106
作者
Hassler, J [1 ]
Mora, JVR
Storesletten, K
Zilibotti, F
机构
[1] Univ Stockholm, Inst Int Econ, S-10691 Stockholm, Sweden
[2] CEPR, London, England
[3] Univ Pompeu Fabra, Dept Econ, Barcelona 08005, Spain
[4] UCL, Dept Econ, London WC1E 6BT, England
关键词
D O I
10.1257/000282803321455179
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper provides an analytical characterization of Markov perfect equilibria in a model with repeated voting, where agents vote over distortionary income redistribution. A key result is that the future constituency for redistributive policies depends positively on current redistribution, since this affects both private investments and the future distribution of voters. The model features multiple equilibria. In some equilibria, positive redistribution persists forever. In other equilibria, even a majority of beneficiaries of redistribution vote strategically so as to induce the end of the welfare state next period. Skill-biased technical change makes the survival of the welfare state less likely.
引用
收藏
页码:87 / 112
页数:26
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