Social protection and political competition

Jaskold Gabszewicz, Jean;vanYpersele, T
(1996) Journal of Public Economics —

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Authors
  • Jaskold Gabszewicz, JeanUCLouvain
    Author
  • vanYpersele, T
    Author
Abstract
This paper analyses how the level of social protection is determined when its choice depends on political competition. First, this is done under autarky. Then the analysis is extended to take account of the existence of an international capital market. We show that social protection never increases under international competition and, in several circumstances, drastically decreases.
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Jaskold Gabszewicz, J., & vanYpersele, T. (1996). Social protection and political competition. Journal of Public Economics. https://doi.org/10.1016/0047-2727(95)01542-6