behavior of revenues, nonwage expenditures, and the overall fiscal balance in response to changes in the wage bill. We show …

. Results show, that social expenditure expansion is largely ageing driven, it crowds out other primary expenditures and there … analyzes the risk of "social dominance", where social expenditures dominate fiscal policy, and undermine growth and fiscal … sustainability. We scrutinize this risk by analyzing drivers of social expenditures and their interaction with other fiscal variables …