This dissertation contributes to the theoretical understanding of the determinants and consequences of productive government activity for the economic performance of a country’s economy. Chapter 2 gives a comprehensive survey of the recent theoretical literature on the link between productive...

This paper discusses the long run effect of changes in the age distribution of Spanish population on the unemployment rate, disaggregated by sex and age segments in the light of cointegration theory given the non stationarity of the series. Four main results are obtained. First, empirical...

En este trabajo se utiliza un modelo de generaciones solapadas (OLG) para simular el comportamiento futuro del sistema de pensiones en España. Se compara el sistema en vigor tras la reforma de 2011 con varias alternativas que incluyen diversos diseños institucionales. En concreto, se explora...

Este artículo muestra que el tamaño del multiplicador fiscal depende de la estructura demográfica de la población de una economía. Usando la variación en el gasto militar y las tasas de natalidad en los estados de los EE. UU., mostramos los multiplicadores fiscales locales aumentan con la...

The article examines the effects of population aging on economic dependency ratio. The results are estimated using broader definition of economic dependency allowing for variability in employment rates of age- and gender-specific groups. The Czech Republic and Slovakia are used as case study...

The article examines the effects of population aging on economic dependency ratio. The results are estimated using broader definition of economic dependency allowing for variability in employment rates of age- and gender-specific groups. The Czech Republic and Slovakia are used as case study...