The effects of capital tax competition are reconsidered in this paper incorporating the argument that the expenditure structure of public budget should reflect its revenue structure. The paper offers a small open economy model where capital and labour tax revenues are used exclusively on the...

This report presents the country fiches for each Member State on the pension projection - being the largest public expenditure item covered by the projection exercise released in the 2009 Ageing Report - prepared by the AWG members and by the Directorate-General for Economic and Financial...