“Honey, I shrunk the kids’ benefits!” — Revisiting intergenerational conflict in OECD countries

Tim Krieger and Jens Ruhose ()

No 46, Working Papers from University of Paderborn, CIE Center for International Economics

Abstract: Intergenerational conflicts may arise when interests of different age groups do not align. We examine cross-country data to find 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.

Keywords: Intergenerational Conflict; Family Benefits; Population Ageing; Education Expenditure; Voting; Retirement Income Shock. (search for similar items in EconPapers)
JEL-codes: D72 H50 J13 J14 I22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-dem, nep-eur, nep-lab and nep-pol
Date: 2011-12
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Persistent link: http://EconPapers.repec.org/RePEc:pdn:wpaper:46

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