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effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as … how the combined forces of demographic change and globalization will make it impossible for the welfare state to maintain … globalization of the capital market. Applying a political economy model and drawing on empirical data from the EU and the United …
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This paper examines the effect of monopolistic labour unions' behaviour on governments' incentives to undertake labour market reform, inside and outside a symmetric and an asymmetric monetary union (MU). Incentives for reform are increased inside the MU when governments and labour unions move...
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