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This paper is dedicated to the relation between market development and democracy. We distinguish contexts and preferences and ask whether it is true that the demand for democracy only emerges after a certain degree of market development is reached, and whether, conversely, democratization is...
Persistent link: https://www.econbiz.de/10008924671
Most European countries have set up a mandatory unfunded pension scheme, often called first pillar, financed through contributions levied on wages. Although this common characteristic is crucial, the systems significantly differ in many aspects. Most importantly they differ in the level of the...
Persistent link: https://www.econbiz.de/10008924676
The paper proposes a theoretical investigation of the impact of welfare on the growth regimes, inspired by new growth theory and recent advances in institutional analysis. It shows the complementarity of Welfare State with the Fordist growth pattern and discusses the reasons of the "Welfare...
Persistent link: https://www.econbiz.de/10005120909