The paper examines differences in housing externalities across regions with different political affiliations. Using a merged dataset containing data on public housing upgrading, resale public housing transactions, electoral boundaries and election results from 2010 to 2016 and a...

In the decades ahead, the size and age structure of the European population will change dramatically. These demographic changes will obviously have a significant impact on society. Economic growth is expected to slow down following the reduction in the population of working age. In addition,...

Andhra Pradesh is one of the pioneering States to earnestly initiate economic and fiscal reform at the Subnational level in India. Prior to the 1996 reform program, the State's budgetary position was under severe stress as in many States in India. The economic growth was below potential,...

The economic slow-down of several States in India including Gujarat during the later half of 90s has caused considerable disturbance in the State's fiscal equilibrium. The fiscal deficit has more than doubled during last five years and government's debt has jumped up from 17 percent of GSDP to...

This paper studies constitutional restrictions on the tax base that protect future generations from expropriation and improve the optimality of investment in Intergenerational Public Goods (IPGs). The choice of the tax base matters because it affects how intergenerational (IG) spillovers are...

This paper describes the risks implied by a mixed system of Social Security pension benefits with different combinations of pay-as-you-go taxes and personal retirement account (PRA) saving. The analysis shows how these risks can be reduced by using alternative private market guarantee...

El presente libro continúa el enfoque del primer y del segundo volumen de ¿Los niños…primero?, en el sentido de analizar en qué medida el gasto social focalizado explica la evolución de los indicadores socioeconómicos en salud, educación, alimentación y justicia en niños y niñas. Sin...

En el presente libro, se ha construido una fotografía comparada entre los niños del Perú y los niños de Latinoamérica. Necesitamos aprender de los bueno y lo malo de los resultados de los países de la región. Además, dado que el país ingresa en una etapa de cambio de gobierno y se...

Este documento describe la política monetaria aplicada en Colombia durante el período 1990-2007 antes de la crisis financiera mundial del presente siglo y analiza la incidencia que tuvo el resultado de dicha política sobre la tasa de paridad de intereses. Para probar la hipótesis de paridad...

Many predictions and conclusions in climate change literature have been made on the basis of theoretical analyses and quantitative models that assume exogenous technological change. One may wonder if those policy prescriptions hold in the more realistic case of endogenously evolving...