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Autor:innen: 
Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
Working Paper No. 2005:35
Verlag: 
Lund University, School of Economics and Management, Department of Economics, Lund
Zusammenfassung: 
Ageing puts a strain on most countries' pension systems; forecasts show them to be more or less unsustainable. Evidence from social choice research, theoretical as well as empirical, does not seem to offer a way out of the dilemma, as the median voter will resist a reform. Despite this, Sweden has implemented a major reform, supposedly making the system sustainable. The question in this paper is thus: how was it possible to launch such a reform in Sweden? The analysis is based on majority voting models. Important explanatory factors are age structure as well as the age of the median voter; both of these go against the probability of a reform. A focus on age structure in combination with transitional rules and specific features of the reform may provide an explanation.
Schlagwörter: 
political economy
pension reform
median voter
age structure
JEL: 
D72
H55
J26
Dokumentart: 
Working Paper

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