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FDI flows and domestic investment : overview

Razin, Asaf - In: CESifo economic studies : CESifo, a joint initiative of … 49 (2003) 3, pp. 415-428

The paper surveys theories of FDI and supporting evidence. A new theory flashes out a unique feature of FDI: hands on … firms. The implications of the theory are that investment is both more efficient (namely, made dependent on the firm …-specific productivity) and, in plausible cases, also larger. The theory can explain both two way flows of FDI among developed economies, and …

Persistent link: https://www.econbiz.de/10001827340

Welfare migration: is the net fiscal burden a good measure of its economic impact on the welfare of the native-born population?

Razin, Asaf; Tsadḳah, Efrayim - In: CESifo economic studies : CESifo, a joint initiative of … 50 (2004) 4, pp. 709-716

Migration of young workers (as distinct from retirees), even when driven in by the generosity of the welfare state, slows down the trend of increasing dependency ratio. But, even though low-skill migration improves the dependency ratio, it neverthe-less burdens the welfare state. Recent studies...

Persistent link: https://www.econbiz.de/10002485068

The tax treatment of intergenerational wealth transfers

Cremer, Helmuth; Pestieau, Pierre - In: CESifo economic studies : CESifo, a joint initiative of … 57 (2011) 2, pp. 365-401

This article surveys the theoretical literature on wealth transfer taxation. The focus is normative: we are looking at the design of an optimal tax structure from the standpoint of both equity and efficiency. The gist of this survey is that the optimal design crucially depends on the assumed...

Persistent link: https://www.econbiz.de/10009158577

Stochastic fertility, moral hazard, and the design of pay-as-you-go pension plans : taxation and the family

Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - In: CESifo economic studies : CESifo, a joint initiative of … 57 (2011) 2, pp. 332-348

This article models a two-period overlapping generations economy in the steady state where the realization of the quantity/quality number of children depends on an initial investment in children and on a random shock. It shows that the implementation of the first-best allocation, in which the...

Persistent link: https://www.econbiz.de/10009158580

Policy implications of changing longevity

Pestieau, Pierre; Ponthiere, Gregory - In: CESifo economic studies : CESifo, a joint initiative of … 60 (2014) 1, pp. 178-212

Our societies are witnessing a steady increase in longevity. This demographic evolution is accompanied by some convergence across countries, whereas substantial longevity inequalities persist within nations. The goal of this article is to survey some crucial implications of changing longevity on...

Persistent link: https://www.econbiz.de/10010466908