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...

Acknowledgments -- How does social security work? -- Sustainability and financing reform -- Benefit adequacy -- Retirement policy -- Reforming the reform process -- Conclusion: the way forward -- Appendix -- References -- Author -- Index -- About the institute

"The forces driving the first decades of the 21st century--globalization, technology, and unprecedented wealth mixed with jarring economic instability--are pushing the day of retirement later and later in life. The era of the aging worker is here. From the rice paddies of Japan to the heart of...