Social security and intergenerational redistribution: A generational accounting perspective

This paper is concerned with the analysis of intergenerational redistribution in a pay-as-you-go financed social security scheme. Instead of annual fiscal indicators, we apply generational accounts to calculate the intertemporal effects arising from a projected aging process. As a case study, the institutional settings and the parameterization of our model refer to the conditions found in Germany in 1989. Additionally, the intergenerational impacts of the German 1992 Pension Reform Act are taken into account. Our findings suggest that the major reform measures affect the distribution of the demographic burden between future and presently living generations. However, the burden is shifted in favor of the generations currently alive, thereby contradicting the explicit political intentions and aggravating the situation for future generations.     

AGENDA-SETTING BY STATE LEGISLATIVE BLACK CAUCUSES: POLICY PRIORITIES AND FACTORS OF SUCCESS

As their representation in legislative chambers has increased, black state legislators have organized into caucuses to maximize their policy influence. These caucuses act as policy entrepreneurs in initiating and advancing minority policy goals. The North Carolina Legislative Black Caucus is il- lustrative of an emerging force in half the states in moving minority policy issues from the systemic to the formal legislative agenda. Using the 1987 North Carolina Legislative Black Caucus as the research setting, supple- mented with selective data on other state caucuses, this article offers insights into the types of policy initiatives state legislative black caucuses advance. Also, situational and political factors that may foster successful agenda-setting are explored.