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...

Research Background: Demography affects human capital, which today is one of the most important factors of regional development. Demographic factors create possibilities or limit the expansion of the knowledge and skills and condition socio-economic activity. In other words, demography can...