Population ageing is associated with increasing healthcare expenditure. To guide policy and the adaptation of health systems, however, a more accurate understanding of the quantitative effect of different components of ageing and other factors that influence cost dynamics is needed. This study...

Advanced industrial countries have been exhibiting a steady decline of the labour income shares in the last two decades. The study explains this phenomenon by resorting to the old Stolper-Samuelson theorem. The conclusions concerning the impact of free trade on the income distribution are...