Bulgaria is in the midst of a serious demographic transition that will shrink its population at one of the highest rates in the world within the next few decades. This study analyzes the macroeconomic and fiscal implications of this demographic transition by using a long-term model, which...

The role of inherited wealth in modern economies has increasingly come under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. It shows that, in the absence of retirement annuities, or for a given level of annuitization, both...

This paper analyzes two prominent institutional rules in the international trading system: a lim- ited cross-retaliation rule characterized by the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU) Article 22.3 and a limited punishment rule characterized by the...

This paper develops a broad framework to conceptualize the multiple ways forests contribute to poverty reduction and inform interventions in forest landscapes. The paper identifies five key strategies for reducing poverty in forest landscapes: (a) improvements in the productivity of forest land...

The environment has long been the foundation of human flourishing, but its continued degradation is threatening to reverse recent development gains, especially in human health. This paper analyzes the possible complementarity between natural and human capital by linking high-resolution...

This paper develops a broad framework to conceptualize the multiple ways forests contribute to poverty reduction and inform interventions in forest landscapes. The paper identifies five key strategies for reducing poverty in forest landscapes: (a) improvements in the productivity of forest land...

We develop a framework to conceptualize the multiple ways forests contribute to poverty reduction and inform development interventions in forest landscapes. We identify five key strategies for reducing poverty in forest landscapes: a) improvements in productivity (P) of forest land and labor; b)...

The environment has long been the foundation of human flourishing, but its continued degradation is threatening to reverse recent development gains, especially in human health. This paper analyzes the possible complementarity between natural and human capital by linking high-resolution...