The aging of the population shakes the confidence in the economic viability of pay-as-you-go social security systems. We demonstrate how in a political-economy framework the shaken cofidence leads to the downsizing of the social security-system, and to the emergence of supplemental individual...

The aging of the population shakes the confidence in the economic viability of pay-as-you-go social security systems. We demonstrate how in a political-economy framework the shaken cofidence leads to the downsizing of the social security-system, and to the emergence of supplemental individual...

Die Studie untersucht die Möglichkeiten und Grenzen der Finanzpolitik in den Mitgliedsländern der EU zur Erreichung gesamtwirtschaftlicher Ziele, insbesondere der Verbesserung der Wachstums- und Beschäftigungsbedingungen. Dabei wird auch auf das Zusammenwirken der Finanzpolitik mit den...

We will study in this paper the relation between public investment, public debt and fiscal rules in the European Union countries. The strict fiscal rules imposed by EU have negatively affected the investments. The decline in public investment in European Union is related to the fiscal rules...