As part of the postwar settlement, and especially since the 1960s, small European democracies instituted many entitlement programs and redistributive income policies. Each country has responded differently, however, to the economic stagnation that followed the turmoil in world trade and monetary...

"The NBER Bulletin on Aging and Health provides summaries of publications like this. You can sign up to receive the NBER Bulletin on Aging and Health by email. This paper explores price differences in the European Union (EU) pharmaceutical market, the EU's fifth largest industry. With the aim of...