In ¯fiscal federal systems, local public works that generate spillovers are often ¯nanced by transfers from higher levels of government. In this article, we consider a governmental hierarchy composed by a Federal and a Local Government. The former delegates to the latter the task of ¯nding a...

The relative importance of the components contributing to individual wellbeing are likely to change over the life-cycle. Any social policy, whose the main role is to promote the well-being of the population as a whole, neglecting this aspect will redistribute inefficiently the resources across...

Des différences internationales importantes persistent quant au taux d'activité des travailleurs âgés et à l'âge du départ à la retraite. Tandis que certains pays d'Europe continentale sont caractérisés par des taux d'activités relativement faibles, d'autres pays développés ne...

The modifications of the demographic structure in Europe are expected to change several aspects of the economic and social landscape. Among the several issues posed by ageing, financing of health care and more precisely long-term care appears as a major challenge for the twenty-first century....

Pour expliquer les départs précoces à la retraite, les économistes utilisent le concept de taxation implicite sur tout prolongement de l’activité. De là à proposer que l’on élimine cette taxe, il n’y qu’un pas à franchir. Cette contribution montre que si le système de retraite...

This paper compares originals and remakes from the standpoint of artistic quality and financial return. It appears that on average remakes are of lower quality and have smaller financial returns than originals.

This study aims at analyzing the determinants of foreign direct investment inflows for a group of European regions. The originality of this approach lies in the use of disaggregated regional data. First, we develop a qualitative description of our database and discuss the importance of the...