Technical Report Age Gap in Voter Turnout and Size of Government Debt

Arawatari, Ryo  ,  Ono, Tetsuo

16-24pp.1 - 30 , 2016-10 , Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
Description
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.

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