This paper argues that although current public pension schemes may shift the major financial burden to future generations, private and public transfers of wealth across generations offset this development. As a result the financing of existing social security and pension arrangements seems to...

Emotions are largely absent in economic models. However, many theories still cease to explain the actual situations. We combine regular microeconomic theory with emotions. We will focus on an FDI decision of a firm, including both business-economics and emotional variables in the firms...