Public investment, for instance in infrastructure, has been constantly decreasing for four decades. New research by RWI for 13 OECD-countries shows: this development significantly correlates with population aging. Senior citizens do not value future payoffs of infrastructure projects and other...

To assess the likely effects of population ageing on the outcomes of direct democracy, we analyze the effect of age on voting decisions in public referenda. To this end, we provide the first quantitative review of the literature and a case study of the Stuttgart 21 referendum on one of the...