Demographic change across the globe puts pressure on labour markets and public finances. Most studies on ageing focus on the projected development of the old age dependency ratio, being the ratio of persons 65 or older relative to the working age population. This ratio gives a very incomplete...

The standard model on optimal income taxation in the presence of tax evasion is extended to allow for mobility between the legal and hidden sectors. The conclusions from the traditional analysis of tax evasion strongly contrast with those that result when extensive margin responses are taken...

In January 2022, the Antitrust Division and Federal Trade Commission issued a Request for Information on Merger Enforcement, seeking comment on how the agencies can modernize enforcement of antitrust laws regarding mergers. A theme in the RFI is whether current guidance underemphasizes or...

What factors led to the reduction of poverty in Latin America from 1990 onwards? This article looks into the key factors that have played a part in reducing poverty in the region, including, in particular, employment and remuneration for work. With data from household surveys, the authors...

The North American Free Trade Agreement (NAFTA) was signed by President William Jefferson Clinton in 1992. Although NAFTA is a trade and tariff initiative it has profound consequences for labor and the U.S. economy. Since its implementation NAFTA has resulted in the permanent elimination of more...

This chapter explores the relationship between poverty and aging, in terms of its measurement and trends, as well as its alleviation, with particular attention to the most vulnerable individuals at each end of the age distribution. The measurement addresses both the definition of poverty and its...

In this paper, we argue that important labor market phenomena can be better understood if one takes (i) the inherent incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns among a substantial share of the population into...