Central America has come a long way both in terms of economic and political stability. Increasingly the region is focusing on implementing productivity-enhancing reforms as well as supporting reductions in poverty and inequality. This report analyzes recent trends in public social spending in...

Central America has come a long way both in terms of economic and political stability. Increasingly the region is focusing on implementing productivity-enhancing reforms as well as supporting reductions in poverty and inequality. This report analyzes recent trends in public social spending in...

Front Cover -- Contents -- Foreword -- Acknowledgments -- About the Authors -- Abbreviations -- Executive Summary -- Overview -- Main Findings -- Main Recommendations -- Note -- Chapter 1 Introduction -- Notes -- Chapter 2 Context: Progress and Opportunities for Human Development in Central...

The paper shows the effect of demographic change on per capita burden of financing a PAYG social security system in the standard OLG model with frictional labor markets. Rising longevity and decreasing fertility both induce a rise in the employment level via increased capital accumulation and...

The study investigates the consequences of EU Eastern enlargement for labour markets and public finances in Germany. The potential for immigration to Germany from the five largest candidate countries in CEE is forecasted building on econometric estimates. Then, the opportunities and problems...