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Ageing and the Welfare State: Securing Sustainability

Meier, Volker; Werding, Martin - CESifo - 2010

Over the next four decades, increasing old-age dependency ratios exert an enormous upward pressure on welfare spending in most developed countries. As this is mainly due to existing unfunded public pension schemes, many countries have embarked on far-reaching reforms in this area, strengthening...

Persistent link: https://www.econbiz.de/10008534027

Political Competition and Convergence to Fundamentals: With Application to the Political Business Cycle and the Size of Government

Ferris, J Stephen; Park, Soo-Bin; Winer, Stanley L. - CESifo - 2006

We address the problem of how to investigate whether economics, or politics, or both, matter in the explanation of public policy. The problem is first posed in a particular context by uncovering a political business cycle (using Canadian data for 130 years) and by taking up the challenge to make...

Persistent link: https://www.econbiz.de/10005181287

The Globalization Paradox Revisited

Schwerhoff, Gregor; Edenhofer, Ottmar - CESifo - 2014

According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital mobility in particular induces tax competition, thus putting downward pressure on capital taxes. However, while capital mobility introduces the inefficiency of tax competition, it...

Persistent link: https://www.econbiz.de/10010877683

Is Capital Mobility Good for Public Good Provision?

Schwerhoff, Gregor; Edenhofer, Ottmar - CESifo - 2013

We set up a general model on capital mobility which contains many of the models in the literature as special cases. The race to the bottom results not from a capital flight effect, but rather from a kind of Laffer curve effect in public good provision. Selectively introducing simplifying...

Persistent link: https://www.econbiz.de/10010877760

Deserving Poor and the Desirability of Minimum Wage Rules

Blumkin, Tomer; Danziger, Leif - CESifo - 2014

In this paper we provide a novel justification for the use of minimum wage rules to supplement the optimal tax-and-transfer system. We demonstrate that if labor supply decisions are concentrated along the intensive margin and employment is efficiently rationed, a minimum wage rule can be...

Persistent link: https://www.econbiz.de/10010877848

Government Spending Shocks and the Multiplier: New Evidence from the U.S. Based on Natural Disasters

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - CESifo - 2012

, largely limits the analysis to the US as few other countries have been involved in mainly extraterritorial conflicts. Moreover …

Persistent link: https://www.econbiz.de/10010877863

Political Institutions and Income (Re-)Distribution: Evidence from Developed Economies

Feld, Lars P.; Schnellenbach, Jan - CESifo - 2013

We discuss the effect of formal political institutions (electoral systems, fiscal decentralization, presidential and parliamentary regimes) on the extent and direction of income (re-) distribution. Empirical evidence is presented for a large sample of 70 economies and a panel of 13 OECD...

Persistent link: https://www.econbiz.de/10010877914

External Constraints Matter for Privatizations

Petrarca, Ilaria; Ricciuti, Roberto - CESifo - 2014

We present an analysis of the share of public ownership in the product market in the OECD countries from 1974 to 2007 … the analysis of Galasso (2014) by sector of activity accounting both for the dynamic bias of the lagged public ownership … smaller share of public ownership in the electricity sector, while SMP members have less privatized telecommunications …

Persistent link: https://www.econbiz.de/10010948843

The Political Sustainability of a Basic Income Scheme and Social Health Insurance

Kifmann, Mathias; Roeder, Kerstin - CESifo - 2014

This paper studies how society votes on the payroll taxes of a basic income and a social health insurance scheme. Individuals differ along the two most important dimensions when it comes to the design of the two welfare schemes, namely, income and risk. Even though the introduction of a basic...

Persistent link: https://www.econbiz.de/10010948856

How Significant are Fiscal Interactions in Federations? A Meta-Regression Analysis

Costa-i-Font, Joan; De-Albuquerque, Filipe; … - CESifo - 2011

determinants underpinning them. This paper uses meta-regression analysis to quantify the size of these inter-jurisdictional fiscal …

Persistent link: https://www.econbiz.de/10009221557