democracy and the politics of investment Jacobs, Alan M. creator ProQuest (Firm) text bibliography Electronic books. enk Cambridge New York Cambridge University Press 2011 monographic eng

electronic

electronic resource

xv, 306 p. : ill. "This book examines how democratic governments manage long-term policy challenges, asking how elected politicians choose between providing policy benefits in the present and investing in the future"-- "In Governing for the Long Term, Alan M. Jacobs investigates the conditions under which elected governments invest in long-term social benefits at short-term social cost. Jacobs contends that, along the path to adoption, investment-oriented policies must surmount three distinct hurdles to future-oriented state action: a problem of electoral risk, rooted in the scarcity of voter attention; a problem of prediction, deriving from the complexity of long-term policy effects; and a problem of institutional capacity, arising from interest groups' preferences for distributive gains over intertemporal bargains. Testing this argument through a four-country historical analysis of pension policymaking, the book illuminates crucial differences between the causal logics of distributive and intertemporal politics and makes a case for bringing trade-offs over time to the center of the study of policymaking"-- Machine generated contents note: Part I. Problem and Theory: 1. The politics of when; 2. Theorizing intertemporal policy choice; Part II. Programmatic Origins: Intertemporal Choice in Pension Design: 3. Investing in the state: the origins of German pensions, 1889; 4. The politics of mistrust: the origins of British pensions, 1925; 5. Investments as political constraint: the origins of US pensions, 1935; 6. Investing for the short term: the origins of Canadian pensions, 1965; Part III. Programmatic Change: Intertemporal Choice in Pension Reform: 7. Investment as last resort: reforming US pensions, 1977 and 1983; 8. Shifting the long-run burden: reforming British pensions, 1986; 9. Committing to investment: reforming Canadian pensions, 1998; 10. Constrained by uncertainty: reforming German pensions, 1989 and 2001; Part IV. Conclusion: 11. Understanding the politics of the long term. Alan M. Jacobs. Includes bibliographical references and index. Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries. Social policy Social choice Political planning Welfare economics Externalities (Economics) Political aspects Pensions Government policy Case studies HN28 .J29 2011 331.25/2 9781139079945 (electronic bk.) https://ebookcentral.proquest.com/lib/kuct-ebooks/detail.action?docID=691877 https://ebookcentral.proquest.com/lib/kuct-ebooks/detail.action?docID=691877 MiAaPQ 100809 20250821113729.0 EBC691877