Launched in January 2009, ANCIEN is a research project that runs for a 44-month period and involves 20 partners from EU member states. The project principally concerns the future of long-term care (LTC) for the elderly in Europe and addresses two questions in particular: 1) How will need,...

In this paper, we assess the impact of international trade on union bargaining power in five EU countries, using a two-step estimation procedure. In the first step, we use firm-level data to estimate union bargaining power at sector level within a production function framework. We simultaneously...

This paper presents the models developed at the FPB to project public spending on curative care and long-term care in the medium and long term. The variables explaining curative care spending are income, the age composition of the population, the unemployment rate and technological and medical...

This Working Paper is aimed at describing the current version of Federal Planning Bureau's medium-term macrosectoral model, named HERMES. This model is used to produce on a regular basis medium-term outlooks for the Belgian economy. In addition to the main macroeconomic aggregates (GDP, private...

In this paper, we perform an empirical analysis on the variance of accounting profitability among manufacturing firms in the Belgian economy from 1992 to 2001. Our purpose is to understand the relative importance of industry, business unit and time on the profitability of Belgian companies...

While rising health care expenditures as a percentage of national income is a well-known and widely documented feature across the industrialized world, it has proved difficult to quantify the effects of the underlying cost drivers. The main difficulty is to find suitable proxies to measure...