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dc.contributor.authorGersbach, Hans-
dc.contributor.authorPonta, Oriana-
dc.date.accessioned2018-09-27T12:34:43Z-
dc.date.available2018-09-27T12:34:43Z-
dc.date.issued2017-
dc.identifier.issn0048-5829de_CH
dc.identifier.issn1573-7101de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/11152-
dc.description.abstractThe absence of a deselection threat in incumbents’ last term in office can be negative or positive for the polity. Some politicians may reduce their efforts, while others may pursue beneficial long-term policies that may be unpopular in the short term. We propose a novel pension system that solves the effort problem while preserving the willingness to implement long-term policies. The idea is to give politicians the option to choose between a flexible and a fixed pension scheme. While in the fixed scheme, performance has no impact on the pension, the pension increases with short-term performance in the flexible scheme, using the vote share of the officeholder’s party in the next election as a performance indicator. Such a pension choice improves the well-being of citizens since officeholders are encouraged to invest in those activities that are beneficial for society. We analyze the properties and consequences of such a system. Finally, we extend the pension system with choice to non-last-term situations and derive a general welfare result.de_CH
dc.language.isoende_CH
dc.publisherSpringerde_CH
dc.relation.ispartofPublic Choicede_CH
dc.rightsLicence according to publishing contractde_CH
dc.subject.ddc320: Politikde_CH
dc.titleUnraveling short- and farsightedness in politicsde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Verwaltungs-Management (IVM)de_CH
dc.identifier.doi10.1007/s11127-016-0396-6de_CH
zhaw.funding.euNode_CH
zhaw.issue3-4de_CH
zhaw.originated.zhawYesde_CH
zhaw.pages.end321de_CH
zhaw.pages.start289de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume2017de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
Appears in Collections:Publikationen School of Management and Law

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