Is there an empirical relationship between Social Security and democracy? Social Security systems around the world are in financial trouble. One explanation for this phenomenon is that politically active elderly voters are more likely to support candidates who favor generous retirement benefits. These benefits are costly. Drawing on data from many countries, Casey Mulligan, a professor of economics at the University of Chicago, will discuss the effect of democracy on the size and design of Social Security programs. Nicholas Eberstadt, the Henry Wendt Scholar in Political Economy at AEI, and Eric M. Engen, a resident scholar at AEI, will respond.
|9:15||Speaker||Casey Mulligan, University of Chicago|
|Panelists||Nicholas Eberstadt, AEI|
|Eric M. Engen, AEI|
|Moderator||Kevin A. Hassett, AEI|