Includes bibliographical references (pages 121-125) and index.
CONTENTS NOTE
Text of Note
Overview -- Aging, migration, and the widening wage gap -- Migration and the welfare state -- Balanced-budget rules and the downscaling of the welfare state -- The capital-tax-financed welfare state -- Aging and the welfare state : empirical evidence -- Capital taxation : the shadow of international tax competition -- The downward convergence of capital taxation across countries : evidence from the European Union.
0
SUMMARY OR ABSTRACT
Text of Note
"In The Decline of the Welfare State, Assaf Razin and Efraim Sadka use a political economy framework to analyze the effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as we know them. Their timely analysis, supported by a unified theoretical framework and empirical findings, demonstrates how the combined forces of demographic change and globalization will make it impossible for the welfare state to maintain itself on its present scale."--Jacket.