| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4954 |
| DP4954 The Impact of Turkey's Membership on EU Voting | |
| Richard Baldwin; Mika Widgren | |
| 发表日期 | 2005-03-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | An unfunded Social Security system faces a major risk, sometimes referred to as ?political risk?. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked from each newborn generation. The analysis is conducted in an overlapping generations economy that is subject to macroeconomic shocks. As a consequence, the political support varies with the evolution of the economy. The impact of various factors ?intra-generational redistribution, risk aversion, financial markets, governmental debt- on the political sustainability of a pay-as-you-go system is discussed. |
| 主题 | Financial Economics |
| 关键词 | Pay-as-you-go Intra-generational redistribution Overlapping generations Social security system Political economy Risk |
| URL | https://cepr.org/publications/dp4954 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533853 |
| 推荐引用方式 GB/T 7714 | Richard Baldwin,Mika Widgren. DP4954 The Impact of Turkey's Membership on EU Voting. 2005. |
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