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Paths and Forks or Chutes and Ladders?: Negative Feedbacks and Policy Regime Change

机译:路径与分叉还是溜槽与梯子?:负面反馈与政策制度变更

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The literature on path dependence has emphasized positive feedback effects that make it difficult to shift from a policy regime once it is in place. This article argues that policy regimes may also have strong negative feedback effects that undermine the political, fiscal or social sustainability of an existing policy regime. The prospects for a shift in policy regime depend largely on the balance between positive and negative feedback effects; the availability of incremental reform options that can be used to patch the status quo; and the availability of politically and fiscally attractive regime transition options. The paper argues that differential survival rates of different public pension regimes in western industrial countries can be understood by the interaction of these three factors.
机译:关于路径依赖的文献已经强调了积极的反馈效应,一旦实施就很难从政策体制中转移出来。本文认为,政策体制还可能具有强烈的负面反馈效应,从而破坏现有政策体制的政治,财政或社会可持续性。政策体制转变的前景在很大程度上取决于正面和负面反馈效应之间的平衡。可以用来修补现状的渐进式改革方案的可用性;以及具有政治和财政吸引力的政权过渡方案。本文认为,可以通过这三个因素的相互作用来理解西方工业国家不同公共养老金制度的不同生存率。

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