Age gap in voter turnout and size of government debt

被引：1
|
作者：
Arawatari, Ryo [1 ]
Ono, Tetsuo [2 ]
机构：
[1] Doshisha Univ, Fac Econ, Kamigyo Ku, Kyoto 6028580, Japan
[2] Osaka Univ, Grad Sch Econ, 1-7 Machikaneyama, Toyonaka, Osaka 5600043, Japan
来源：
INTERNATIONAL TAX AND PUBLIC FINANCE | 2020年 / 27卷 / 02期
基金：
日本学术振兴会;
关键词：
Fiscal policy; Voter turnout; Public debt; Probabilistic voting; INTERTEMPORAL SUBSTITUTION; AGING POPULATION;
D O I：
10.1007/s10797-019-09563-8
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We consider a cross-country difference in age gap in voter turnout and its impact on fiscal policy making in a multi-country, overlapping-generations model. We present the conflict over fiscal policy between successive generations (i.e., the young and elderly). We show that a higher turnout of the elderly in voting may have a non-monotonic effect on the size of government debt, depending on voters' inter-temporal elasticity of substitution of public expenditure.
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页码：435 / 460
页数：26
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