Political Economics: Redistributive Policies

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POLITICAL ECONOMICS Table of Contents Prologue 1.Introduction to Political Economics 1.1 The Political Economic approach 1.2 Political Institutions 1.2.1 Simple Majority Voting 1.2.2 Agenda Setting 1.2.3 Borda Voting 1.3 A simple Example: Indirect Utility Function, Single-Peaked Preferences and the Bliss Point 2. Electoral Models 2.1 The Median Voter Model 2.2 Probabilistic Voting Model 2.2.1 The candidates 2.2.2 The voters 2.2.3 The timing of the game 2.2.4 The “Swing” voter 2.2.5 The candidates’ decisions 2.3 An Example of Simple Majority Voting and Probabilistic Voting 3. Lobbying 3.1 Public Policy: A Local Public Good 3.1.1 The Social Optimum 3.1.2 Complete Fiscal Federalism 3.1.3 Partial Fiscal Federalism 3.2 Lobbying 4. Facts, Data and Relevant Issues of the Welfare State 4.1 Economic Policies and the Role of Government 4.2 Size and Composition of the Welfare State 4.3 Labor Market Issues 4.4 The Economic Approach to Government Intervention 4.5 The Political-Economics Approach to Government Intervention 4.6 Citizens’ Opinions on the Welfare State 5. Redistributive Transfers in the Welfare State 5.1 The Economic Model 5.2 The Redistributive System: Winners and Losers 5.3 The Political Decision 5.4 Discussion 6. Pensions 6.1 The Economic Environment of the Voting Models 6.2 Individual Preferences over Pension Systems 6.2.1 Dynamic inefficiency 6.2.2 Reduced time horizon 6.2.3 Within cohort redistribution 6.2.4 Crowding out 6.2.5 Altruism 6.3 Voting on Pension Systems 6.4 Population Aging and Pension Systems 7. Labor Market Policies 7.1 A Simple Political Economy Model 7.2 Labor Market Institutions 7.3 The Political Game 7.4 Discussion 8. Structural Reforms 8.1 Describing Structural Reforms 8.2 Determinants of Structural Reforms 8.2.1 Economic Crisis 8.2.2 External Constraints 8.2.3 Political Factors 8.3 Designing Structural Reforms 8.3.1 Sequencing Reforms 8.3.2 Bundling Reform Measures 8.3.3 Providing Information 9. The Politics of Anger 9.1 The Effects of Migration on the Natives: Theoretical Aspects 9.2 The Economic Effects of Migration: Some Empirical Evidence 9.3 Individual Preferences over Migration Policy 9.4 Parties Preferences on Immigration Policy 9.5 Only Migration Causes Anger? Bibliography Back cover