Kemmerling, Achim ; Neugart, Michael (2019)
Redistributive pensions in the developing world.
In: Review of Development Economics, 23 (2)
doi: 10.1111/rode.12582
Article, Bibliographie
This is the latest version of this item.
Abstract
Redistributive so-called social pension schemes have seen a remarkable surge in developing countries. These schemes often target the rural elderly and correlate with urbanization rates, urban rural-wage differentials, and family norms. We use this stylized evidence to motivate a political economy model for a Beveridgean pension system with trade-offs between four groups: the (poorer) rural old and young, and the (richer) urban old and young. We show under which conditions governments will install a pension system and increase its generosity as the share of the urban population rises, productivity differentials between urban and rural workers widen, or the social norm erodes. Our conclusion is that the role of the rural–urban divide in shaping redistribution merits more scholarly attention, as the gap between cities and the countryside widens in many developing countries.
| Item Type: | Article |
|---|---|
| Erschienen: | 2019 |
| Creators: | Kemmerling, Achim ; Neugart, Michael |
| Type of entry: | Bibliographie |
| Title: | Redistributive pensions in the developing world |
| Language: | English |
| Date: | 2019 |
| Publisher: | Wiley |
| Journal or Publication Title: | Review of Development Economics |
| Volume of the journal: | 23 |
| Issue Number: | 2 |
| DOI: | 10.1111/rode.12582 |
| Corresponding Links: | |
| Abstract: | Redistributive so-called social pension schemes have seen a remarkable surge in developing countries. These schemes often target the rural elderly and correlate with urbanization rates, urban rural-wage differentials, and family norms. We use this stylized evidence to motivate a political economy model for a Beveridgean pension system with trade-offs between four groups: the (poorer) rural old and young, and the (richer) urban old and young. We show under which conditions governments will install a pension system and increase its generosity as the share of the urban population rises, productivity differentials between urban and rural workers widen, or the social norm erodes. Our conclusion is that the role of the rural–urban divide in shaping redistribution merits more scholarly attention, as the gap between cities and the countryside widens in many developing countries. |
| Uncontrolled Keywords: | pensions, developing countries, political economy, family transfers, crowding out, electoral support |
| Additional Information: | JEL-classification: H55, D72, O18 |
| Divisions: | 01 Department of Law and Economics 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Fachgebiet Finanzwissenschaft und Wirtschaftspolitik |
| Date Deposited: | 03 May 2019 07:37 |
| Last Modified: | 18 Jul 2024 10:05 |
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Redistributive pensions in the developing world. (deposited 24 Jun 2024 09:42)
- Redistributive pensions in the developing world. (deposited 03 May 2019 07:37) [Currently Displayed]
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