Large publicly-held pools of assets are playing an increasingly prominent role in the global investment arena. We compare three distinct forms of such public funds, namely foreign exchange reserve funds, sovereign wealth funds, and public pension funds, to highlight their differences and...

Volume 1A: The global demography of aging : facts, explanations, future / D.E. Bloom, D.L. Luca -- Macroeconomics, aging, and growth / R. Lee -- Migration and the demographic shift / A. Zaiceva, K.F. Zimmerman -- Global demographic trends : consumption, saving, and international capital flows /...

This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides a cross-country analysis, using tax and pension policy designs in Germany, the US and Australia. These developed nations have similar incomes per capita but very different...

Recent climate change negotiations have emphasised the need for developing countries to take the lead by undertaking economy-wide absolute emission reduction targets but also the obligation of developed countries to provide financial resources to assist them in their mitigation efforts. This...