Due to the demographic development, public pension systems in the European Union organized on a pay-as-you-go (PAYG) principle will be forced to either raise contribution rates or taxes, shorten future replacement rates, or enforce a combination of both. In this regard, two important issues have...

The paper derives a normative model for partial fiscal equalisation based on a number of axioms and allows for the existence of a specific fiscal need in the jurisdictions. The theoretical model is then empirically tested for the case of the European Union using data from 1986-97. It is found...

The mobility of labor reduces national incentives to invest in internationally applicable education. The European Union could overcome this by allowing member states to institute graduate taxes or income-contingent loans, collected also from migrants. This paper presents calculations on how a...

The paper derives a normative model for partial fiscal equalisation based on a number of axioms and makes special allowance for the existence of a specific fiscal need in the jurisdictions. A simple version of this idealised equalisation scheme relates net contributions to the equalisation funds...

CII Introduction: increasing financial capabilityhas been a longstanding research theme forus – from our IPOD research into attitudes ofyoung people in November 2008 to the recentthinkpiece by Jane Vass of Age UK oninclusive design for an ageing population. Inthis latest thinkpiece, Carole...

The existence of trust in an IT-based service and its providers is an important basis for, amongothers, the decision to adopt and continuously use such services. It also improves the chances forthe successful collaboration in virtual teams and forming strategic alliances. Due to itsimportance...

The paper considers technology diffusion and develops a model at the level of theSME. Technology diffusion in the form of new or improved technology, thetransmission of knowledge or technical expertise is investigated. This involves spilloversthrough formal and informal networks enabling...