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Ageing and the welfare state : securing sustainability

Meier, Volker; Werding, Martin - 2010

Over the next four decades, increasing old-age dependency ratios exert an enormous upward pressure on welfare spending in most developed countries. As this is mainly due to existing unfunded public pension schemes, many countries have embarked on far-reaching reforms in this area, strengthening...

Persistent link: https://www.econbiz.de/10003928767

Panel cointegration tests on the fiscal sustainability of German Laender

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014

This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying "gsecond generation" panel cointegration...

Persistent link: https://www.econbiz.de/10010388585

Fiscal adjustment and the costs of public debt service : evidence from OECD countries

Schaltegger, Christoph A.; Weder, Martin - 2010

We use a panel of 21 OECD countries from 1970 to 2009 to investigate the effects of different fiscal adjustment strategies on long-term interest rates - a key fiscal indicator reflecting the costs of government debt service. A government confronted with high deficits and rising debt will sooner...

Persistent link: https://www.econbiz.de/10008807633

Budgetary constrained governments : drivers of time varying fiscal sustainability in OECD countries

Afonso, António; Coelho, José Carlos - 2024

We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long-term relationships between government revenues and expenditures as well as between the primary budget balance and past public debt ratio for the full panel. Performing an expanding...

Persistent link: https://www.econbiz.de/10014543858

Resolving intergenerational conflict over the environment under the Pareto criterion

Andersen, Torben M.; Bhattacharya, Joydeep; Liu, Pan - 2016 - This Version: August 10, 2016

We describe a "business as usual" (BAU) economy in which pollution is a by-product of productive activity by the … pollution abatement and finances it via distorting taxes and borrowing on perfect international markets. Pollution levels start … pay off the debt, that too, in finite time. Along the transition, every generation faces less pollution, consumes more and …

Persistent link: https://www.econbiz.de/10011522140

Optimal pollution control in a mixed oligopoly with research spillovers

Haruna, Shoji; Goel, Rajeev K. - 2018

We study optimal pollution abatement under a mixed oligopoly game when firms engage in emissions-reducing R&D that is … certain conditions, the optimal pollution tax is positive; otherwise, the tax reverts to a subsidy. Comparing mixed and …

Persistent link: https://www.econbiz.de/10011800081

Metrics capturing the degree to which individual economies are globalized

Riezman, Raymond Glenn (contributor); … - 2005

We discuss metrics of globalization for individual economies as distance measures between fully integrated and trade restricted equilibria in economies initially operating under less than full integration with the global economy. Such metrics can be used to construct country globalization...

Persistent link: https://www.econbiz.de/10002757524

The social dilemma of big data : donating personal data to promote social welfare

Hillebrand, Kirsten; Hornuf, Lars - 2021

When using digital devices and services, individuals provide their personal data to organizations in exchange for gains in various domains of life. Organizations use these data to run technologies such as smart assistants, augmented reality, and robotics. Most often, these organizations seek to...

Persistent link: https://www.econbiz.de/10012485324

An environmental-economic measure of sustainable development

Cairns, Robert D.; Martinet, Vincent - 2013

A central issue in the study of sustainable development is the interplay of growth and sacrifice in a dynamic economy. This paper investigates the relationship among current consumption, sacrifice, and sustainability improvement in a general context and in two canonical, stylized economies. We...

Persistent link: https://www.econbiz.de/10009766680

The life satisfaction approach to environmental valuation

Frey, Bruno S.; Lüchinger, Simon; Stutzer, Alois - 2009

-market valuation ; cost-benefit analysis ; air pollution …

Persistent link: https://www.econbiz.de/10003897543