In The Decline of the Welfare State, Assaf Razin and Efraim Sadka use a political economy framework to analyze the effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as we know them. Their timely analysis, supported by a...

Simple Malthusian models remain an important tool for understanding pre-modern demographic systems and their connection to the economy. But most recent literature has lost sight of the institutional context for demographic behavior that lay at the heart of Malthus’s own analysis. This paper...