Calendrier du 08 décembre 2023
Casual Friday Development Seminar - Brown Bag Seminar
Du 08/12/2023 de 13:00 à 14:00
R1-09
VANUKURI Balasai (PSE)
Does caste identity of your roommate matters: Evidence from Elite Public Colleges in India
EPCI (Economie politique du changement institutionnel) Seminar
Du 08/12/2023 de 11:00 à 12:30
MSE, salle S/18
VLANDAS Tim ((University of Oxford, Dpt of Social Policy and Intervention))
Grey Power and Economic Performance
Democracies have experienced profound population ageing in the last decades. Yet we still know little about the political consequences of ageing for economic performance. This project develops a theoretical framework linking ageing to lower economic growth through two mechanisms: first, grey power pushes elected governments to expand consumption policies thereby ‘crowding out’ investments; second, ageing populations weaken the electoral penalty for lower growth performance leading to ‘economic unaccountability’. Using microdata from four cross-national survey of preferences and vote choices, I show that elderly individuals care more about pensions, but less about education, and they are less likely to penalize governments for low growth. Using macrodata on 21 advanced economies since the 1960s, OLS and instrumental variable regressions provide evidence that ageing leads to more spending on consumption policies but less on social investment policies, and lower growth. Ageing countries may paradoxically become economically inefficient because they are politically efficient.