Global mobility of capital and labour impose the issue of optimal tax structure of all countries. In some countries, direct taxes on income and profits are still dominant, while in other the main source of tax incomes are indirect taxes, primarily value added tax (VAT). Tax system of Serbia is...

The western pension systems and especially the Spanish one will noticeably be a®ected by an aging of the population that is currently underway. This work proposes a pension model for Spain which would mean deep structural reforms that would guarantee meeting the objectives established by a...

This article is the first one to use individual data to analyze the demand for AFP in Chile. This study implements panel data techniques which allow us to estimate the switch probability of an AFP customer. Results confirm the fundamental role of sales agents, which was already suggested by...

This study estimates the hypothetical level of contributions collected and pensions paid in the future by the social security budget in five of the most influential countries in the world today. Historical data from 1980 to 2009 declared by each state's monitoring organization have been analyzed...

We analyze expectations of the Dutch population ages 25 and older concerning future generosity of state and occupational pensions, the main pillars of the Dutch pension system. We use rotating panel data with monthly observations from 2006 until 2012 on individuals’ subjective expectations...

The paper argues that a comprehensive activation strategy is called for – in both unemployment and disability insurance – to minimize the conflict between income insurance and work incentives and to prevent the economic crisis from causing a long-lasting decline in labor force participation....

The institutional structures of the various types of European welfare state were established around extra revenues called the "demographic dividend" that used to be easily available throughout the decades of the 20st century. They, however, ceased to be available at the end of that century. The...

This paper examines the functional relationships between income inequality, economic factors, institutions, and Kuznets' inverted-U hypothesis. A model that incorporates interactive as well as direct effects of several factors to capture their combined effect on inequality is developed. The...

Transportation infrastructure is an exciting topic for public policy, private sector and the connection between them. This study deals with the impact of railways as hard type of transportation infrastructure on economic growth and population density. The purpose of this study is to search for...

Zwischen 2000 und 2009 ist China zur zweitgrößten Industrienation aufgestiegen und auch die Industrien anderer Schwellenländer sowie vieler osteuropäischer Länder sind sehr dynamisch gewachsen. Dennoch konnte Deutschland seinen Anteil an der globalen Industrieproduktion weitgehend...