Social Security, Retirement, And The Single-Mindedness Of The Social Security, Retirement, And The Single-Mindedness Of The

Social Security, Retirement, And The Single-Mindedness Of The Electorate

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Source: Columbia University

Date: January 2008

Type: White Paper

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Overview: This paper published by Columbia University proposes a positive theory that is consistent with two important features of social security programs around the world; they redistribute income from young to old and induce retirement. It constructs a voting model that includes a Political campaign or Debate prior to the election. The model incorporates Single-mindedness of the groups that do not work: while the workers divide their political capital between their Age concerns and Occupational concerns, the retired concentrate all their political capital to support their age group.

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