Showing 1 - 10 of 47
We investigate age-specific mortality in Britain and the United States since 1950. Neither trends in income nor in income inequality provide plausible explanations. Britain and the US had different patterns of income growth but similar patterns of mortality decline. Patterns of income inequality...
Persistent link: https://www.econbiz.de/10012470184
Over the years, there emerged two key policy differences between Europe and America, both welfare and migration …
Persistent link: https://www.econbiz.de/10012458218
The paper compares migration policy and welfare state generosity between America and Europe. There is more selective … may explain in part these US-Europe differences in policies …
Persistent link: https://www.econbiz.de/10012482345
Suicide rates, life evaluation, and measures of affect are all plausible measures of the mental health and wellbeing of populations. Yet in the settings we examine, correlations between suicide and measured wellbeing are at best inconsistent. Differences in suicides between men and women,...
Persistent link: https://www.econbiz.de/10012457388
Oates reminds us that tax competition among localities in the presence of capital mobility, may lead to inefficiently low tax rates (and benefits). In contrast, the Tiebout paradigm suggests that tax competition yields an efficient outcome, so that there are no gains from tax coordination. This...
Persistent link: https://www.econbiz.de/10012461987
The paper develops an international macroeconomic model of FDI flows with a unique feature: a hands-on management ability to react in real time to changing economic environments. Anticipating this advantage, foreign direct investors can outbid other investors in a certain industry in which they...
Persistent link: https://www.econbiz.de/10012469705
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,...
Persistent link: https://www.econbiz.de/10012471787
Foreign direct investment (FDI) is observed to be a predominant form of capital flows to emerging economies, especially when they are liquidity-constrained internationally during a global financial crisis. The financial aspects of FDI are the focus of the paper. We analyze the problem of...
Persistent link: https://www.econbiz.de/10012471927
Bequest constraints have played a major role in discussions of debt neutrality but their welfare implications were not sufficiently dealt with in the literature. In this paper we focus on the welfare implications of bequest constraints. We found that when institutional constraints to the...
Persistent link: https://www.econbiz.de/10012476278
In this paper we review of literature and offer historical, empirical and analytical explanation for the interactions between the welfare state and globalization driving forces. Globalization - a widespread contemporaneous phenomenon - generates international tax competition. The consequent...
Persistent link: https://www.econbiz.de/10012480574