countries, allowing for transfers. We employ a two-stage, non-cooperative model of coalition formation. In the first stage each … examining the impact of transfers on the coalition size, we apply the notion of Potential Internal Stability (PIS). Results show … that transfers can increase cooperation among heterogeneous countries. However, the increase in the coalition size …

home computers and enrollment in transferable courses and actual transfers to 4-year colleges. The results from the field … clear for the effects on actual transfers to 4-year colleges and the probability of using a computer to search for college …

-market OECD countries. Fourth, the work disincentives of social transfers are so designed as to shield GDP from much reduction if …

rates across the income distribution accounting for different tax bases as well as the role of transfers. The uniquely long …. Labor income taxes contribute less to progressivity in recent years, whereas transfers to unemployed and old-age pensioners …

Both government purchases and transfers figure prominently in the use of fiscal policy for counteracting recessions …. However, existing representative agent models including the neoclassical and New Keynesian benchmark rule out transfers by … assumption. This paper provides a role for transfers by building a borrower-lender model with equilibrium credit spreads and …

of Health, Aging and Retirement in Europe (SHARE), we assess the causal effect of education on old-age memory, uency …

As a consequence of the demographic change, the workforce is aging and shrinking at the same time. Based on the …

of aging of the baby boomer generation and low fertility rates have produced very rapid aging. Japan now finds itself …. Aging is already placing a burden on government finances, and Japan's ability to confront the negative fiscal implications … of future aging is constrained by its very high debt-to-GDP ratio. We find that Japan faces a severe fiscal crisis if …