An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries.This is in contrast with neoclassical theory, according to which trade should increase therelative return of the...

This paper introduces a democratic voting process into an OLG economyin order to analyze the effects of a rising old-age dependency ratio on the composition ofgovernment spending and endogenous economic growth. Forward-looking agents vote eachperiod on the public policy mix between productive...

Wissenschaftliche und praktische Erfahrungen in politischen und ökonomischen Teilbereichen der Gesellschaft zeigen, daß sich die momentane Situation durch eine turbulente und dynamische Umwelt auszeichnet. Auch Kommunen (als Schnittstelle beider Teilbereiche) sind davon betroffen. Hilfe bei...

Diese Arbeit dokumentiert und analysiert den Anstieg der Staatsausgaben und der Defizite in den 90er Jahren.Die unmittelbaren Ursachen des Anstiegs sind bekannt: höhere Ausgaben für die Altersvorsorge undandere Bereiche der sozialen Sicherheit sowie Kostensteigerungen im Gesundheitswesen...

We introduce a model of redistributive income taxation and public expenditure. Thisjoint treatment permits analyzing the interdependencies between the two policies: onecannot be chosen independently of the other. Empirical evidence reveals that partisanconfrontation essentially falls on...

Government support of private (occupational and personal) pensionsthrough the system of tax reliefs is large: between one quarter and onethird that of direct support of state pensions through public expenditure.However, it is regressive, lacks transparency and is difficult to control. Thispaper...

It is increasingly recognised that improving the quality and quantity of children’s services isan essential part of any long-term strategy to tackle poverty and social exclusion amongchildren. As part of its wider programme to address child poverty in England, Save TheChildren commissioned...

The output multiplier turns negative before a deficit spending program expires.We show the generality of this unpleasant finding for the standard real business cyclemodel. We then calibrate an extended model for the US and demonstrate how fiscalstimulus slows down economic recovery from...