Government healthcare expenditures have been growing much more rapidly than GDP in OECD countries. How much of this growth is due to demographic change versus increases in benefit levels (expenditures per person at a given age)? This paper answers this question for ten OECD countries...

Government healthcare expenditures have been growing much more rapidly than GDP in OECD countries. For example, between 1970 and 2002 these expenditures grew 2.3 times faster than GDP in the U.S., 2.0 times faster than GDP in Germany, and 1.4 times faster than GDP in Japan. How much of...

The economics workings of the corporate income tax remain controversial. Harberger?s seminal 1962 article viewed the tax as raising the cost of capital used to produce ?corporate goods.?But ?corporate goods?can be and generally are made by non-corporate ?rms, sug- gesting that the corporate tax...