The Ageing Population -- In This World Nothing Is Certain but Death and Taxes: Financing the Elderly -- A Stable Pension System: The Eighth Wonder -- Ways of Funding and Organising Elderly Care in Sweden -- Financing Healthcare: A Gordian Knot Waiting to Be Cut -- Towards a New Swedish Model?

Contents: Foreword / by Jeong Pyo Choi -- 1. Introduction and overview / Robert Clark, YoungWook Lee and Andrew Mason -- Part 1 Fiscal sustainability and accountability: 2. An evaluation of fiscal sustainability in Korea / SeongTae Kim -- 3. Implications of delaying US social security financing...

Adaptable property-rights institutions, we argue, foster economic development. The British example illustrates this point. Around 1700, Parliament established a forum where rights to land and resources could be reorganized. This venue enabled landholders and communities to take advantage of...

We apply Leeson and Dean’s (2009) method for studying democratic dominoes to capitalist spillovers to compare the rates at which capitalism and democracy spread between countries. We find that capitalism and democracy spread at approximately the same modest rate.

In a static setup, migration of unskilled labor may be resisted by the entire native-born population because, being relatively low earners, migrants are net beneficiaries of the fiscal system. However, the paper shows that with a pay-as-you-go pension, an important pillar of the welfare state,...

The paper analyzes the effect of the generosity of the welfare state on the skill composition of immigrants. We develop a parsimonious model in which the effect of an increase in the generosity (and taxes) of the welfare state on the skill composition of immigrants under free migration is...

Since 1995 when OECD began conducting Economic Surveys of the Russian Federation many policy recommendations relating to structural reform and framework conditions have been made. This paper is an update of an earlier paper that described actions taken up to October 2011 (Vaziakova et al.,...

Switzerland is a highly decentralised country with large spending and revenue-raising powers devolved to cantons and municipalities. The federal system, in combination with an extensive use of direct democracy, has contributed to keep public spending at a relatively low level in international...