Our study shows that population aging substantially affects healthcare expenditure (HCE). This conclusion supports the popular, but recently strongly contested, view that the coming population aging will threaten the fiscal sustainability of health systems. We contribute to this debate, first by...

This paper contributes to the still unresolved issue of the growth impact of government size by analysing a historical panel data set of 17 developed countries that ranges from 1880 to 2016. The unique feature of the long-time dimension allows for conducting a kind of natural experiment....