%0 Journal Article %1 grafstein2015public %A Grafstein, Robert %D 2015 %J Journal of Theoretical Politics %K 2015 EB_input2015 Eurobarometer FDZ_IUP SCOPUSindexed SSCIindexed article checked english indexproved input2015 review_proved reviewed %N 3 %P 457-484 %R 10.1177/0951629814543861 %T Public pensions and the intergenerational politics of aging societies %U http://jtp.sagepub.com/content/27/3/457.abstract %V 27 %X Nearly all modern public pension programs involve a substantial transfer of wealth from workers to retirees. If parents love their children, why are these intergenerational transfers politically sustainable? This paper develops a cross-national overlapping generations model to explore the impact of income mobility on the way workers and retirees calculate the long-term value of these programs to their children. Mobility affects their evaluations because these programs also redistribute intragenerationally. The analysis shows why a majority of rational voters who care about their descendants can insist on the preservation of current public pension benefits for themselves but accept a future reduction. Implications of this explanation are tested using comparative intergenerational mobility data and a 2001 Eurobarometer survey on pensions.

@article{grafstein2015public, abstract = {Nearly all modern public pension programs involve a substantial transfer of wealth from workers to retirees. If parents love their children, why are these intergenerational transfers politically sustainable? This paper develops a cross-national overlapping generations model to explore the impact of income mobility on the way workers and retirees calculate the long-term value of these programs to their children. Mobility affects their evaluations because these programs also redistribute intragenerationally. The analysis shows why a majority of rational voters who care about their descendants can insist on the preservation of current public pension benefits for themselves but accept a future reduction. Implications of this explanation are tested using comparative intergenerational mobility data and a 2001 Eurobarometer survey on pensions.}, added-at = {2019-03-20T18:49:19.000+0100}, author = {Grafstein, Robert}, biburl = {https://www.bibsonomy.org/bibtex/22a7f4c21d2b1a441a7339c14d0870b7d/gesis_dump}, description = {Public pensions and the intergenerational politics of aging societies}, doi = {10.1177/0951629814543861}, eprint = {http://jtp.sagepub.com/content/27/3/457.full.pdf+html}, interhash = {db0d0f012000ffbc55baf6365d6c644c}, intrahash = {2a7f4c21d2b1a441a7339c14d0870b7d}, journal = {Journal of Theoretical Politics}, keywords = {2015 EB_input2015 Eurobarometer FDZ_IUP SCOPUSindexed SSCIindexed article checked english indexproved input2015 review_proved reviewed}, note = {First published online: August 13, 2014, http://dx.doi.org/10.1177/0951629814543861. (Eurobarometer)}, number = 3, pages = {457-484}, study = {Eurobarometer 2001}, tagadata-svko-dda-test = {10503}, tagadata-svkoddatest2 = {10496}, timestamp = {2019-10-01T13:00:59.000+0200}, title = {Public pensions and the intergenerational politics of aging societies}, url = {http://jtp.sagepub.com/content/27/3/457.abstract}, volume = 27, year = 2015 }