Shelton, Cameron A. - In: Journal of Public Economics 92 (2008) 3-4, pp. 647-651
Razin, Sadka, and Swagel [Razin, Asaf, Efraim Sadka, and Phillip Swagel (2002) "The Aging Population and the Size of the Welfare State" The Journal of Political Economy, vol. 110, no. 4, pp. 900-918.] unveil a puzzling fact: the welfare state appears to be shrinking even as the dependency ratio...