In this chapter, we analyse the effects of PAYG and funded pension systems on welfare. The debate on the choice between … that, regardless of social preferences, imposing a target of pension expenditure on GDP maximises social welfare. …

.S. corporations (measured as the value of equities and net debt for the U.S. corporate sector) throughout the postwar period ….S. corporations relative to gross domestic product (hence-forth value-output ratio). An increase in the conditional mean of TFP growth …

, and welfare losses by using a calibrated novel model of three groups sets of the global economy. These groups are Russia … consequent sectoral reallocation's within countries, rather than indicating the effectiveness of sanctions. Our welfare study … shows that if the third nation group does not ratify the sanctions, the sanctioned country's welfare losses are greatly …

alleged potential of generating foreign exchange, economic growth and welfare enhancement (Sinclair and Stabler, 1997 …

model yields both a long‐run growth‐maximizing and welfare‐maximizing expenditure rate and allocation of expenditure on … productive capital. The welfare‐maximizing rate of expenditure is less than the growth‐maximizing rate, with the opposite being …

and other standard variables hypothesized to determine immigration, the paper focusses attention on welfare-chasing as …