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'Honey, I Shrunk the Kids’ Benefits!' − Revisiting Intergenerational Conflict in OECD CountriesTim KriegerWilfried Guth Chair of Constitutional Political Economy and Competition Policy Jens RuhoseCESifo (Center for Economic Studies and Ifo Institute for Economic Research) - Ifo Institute for Economic Research December 6, 2011 Center for international Economics Working Paper No. 2011-13 Abstract: Intergenerational conflicts may arise when interests of different age groups do not align. We examine cross-country data to fi nd evidence for this conflict in OECD countries. We derive our results from a FGLS estimation model, which is complemented by a System-GMM estimation. Data covers a panel of 22 OECD countries over the time period 1985-2005. We find little support for intergenerational conflict in general; however, those who are close to (statutory) retirement age dislike public expenditure for families and education because, once they retire, they have to adapt to lower retirement income levels compared to previous work income. This effect lasts for a transitory period only.
Number of Pages in PDF File: 48 Keywords: Intergenerational Conflict, Family Benefi ts, Population Ageing, Education Expenditure, Voting, Retirement Income Shock JEL Classification: D72, H50, J13, J14, I22 working papers seriesDate posted: January 6, 2012Suggested CitationContact Information
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