Social Security and Political Investment
Datos Bibliográficos
| ID | 6355295 |
|---|---|
| Autores | Paul Peretz (autor de correspondencia) |
| Año | 1997 |
| Volumen | 30 |
| Número | 1 |
| Páginas | 79-106 |
| Fecha de publicación | 1997-09-01 |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Polity (JOURNAL) |
| Identificadores de la revista | ISSN: 0032-3497 • E-ISSN: 1744-1684 |
| Editorial | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.2307/3235321 |
| OpenAlex | W2322560564 |
| Idioma | EN |
| Referencias citadas | 19 |
Current explanations of the establishment and expansion of the Social Security system, which focus mainly on the popularity of the program and the commitment and political skills of the bureaucrats in charge of it, fail to explain many of the most significant portions of the program's history. This article offers a theory of political investment drawing on the economics literatures on sunk costs, expectations theory, and risk-aversion to posit that citizens place particularly strong value on continuation of those government programs on which the success of their own investment decisions depends. This perspective provides the deeper explanation of program popularity missed in other theories and also explains why the program suffered major reductions in the 1940s but is virtually immune from significant reduction today
Economics · Government (linguistics · Investment (military · Microeconomics · Perspective (graphical · Political science · Politics · Popularity · Positive economics · Public economics · Public relations · Sunk costs · Value (mathematics · Financial Literacy, Pension, Retirement Analysis · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Law
Inside Bureaucracy
Rational Expectations and the Theory of Price Movements
Why the Social Insurance Budget Is Too Large in a Democracy
The Logic of Collective Action
Political Control of the Economy
Work and Retirement, a Longitudinal Study of Men
Social Security and Private Saving
The Struggle for Social Security, 1900-1935
Comparative Public Policy
The New Economics of Organization
The Origins and Maintenance of Interest Groups in America
The Early Acceptance of Social Security
Policy and Priority in the Budgetary Process
| Altamente citado | No |
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