Since the ideologically coloured meaning of the 'welfare state', implying a massive level of redistribution and high government spending in the field of social policy, does not match the reality of a number of today's welfare state systems, especially outside Europe, this article examines the...

The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer workers making pension contributions than there are...