During the 1990s Francis Fukuyama announced the end of history. The 2000s showed how it is an illusion to imagine a peaceful world without conflict. In this book, the authors explore how six major constraints are set to fix the trajectory of the global economy. Three of them are new: the aging...

"During the 1990s Francis Fukuyama announced the end of history. The 2000s showed how it is an illusion to imagine a peaceful world without conflict.In this book the authors explore how six major constraints are set to fix the trajectory of the global economy. Three of them are new: the aging...

This paper addresses the importance of compositional changes in the labor force for the development of the wage distribution. Demographic change and higher educational attainment imply a shift toward employees with more experience and/or better education. These groups are characterized by higher...