||Age Gap in Voter Turnout and Size of Government Debt
Ono, TetsuoArawatari, Ryo
Discussion Papers In Economics And Business
30 , 2016-10 , Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
We consider a cross-country difference of age gap in voter turnout and its impact on fiscal policymaking in a multi-country, overlapping-generations model. We present conflict over fiscal policy between successive generations (i.e., the young and elderly). We show that higher turnout of the elderly in voting may have a nonmonotone effect on the size of government debt, depending on voters' inter-temporal elasticity of substitution of public expenditure.