As the demographic transition enters a new stage of a longevity transition, focus needs to
extend beyond an ageing society towards a longevity society. An ageing society focuses on …

This paper reviews some of the central issues that arise in thinking about the motives for,
politics of, constraints on and measurement of, redistribution. Amongst the themes are: the …

Transparency in government operations is widely regarded as an important precondition for
macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably …

We estimate how households trade off immediate costs and uncertain future benefits that
occur in the very long run, 100 or more years away. We exploit a unique feature of housing …

This book investigates why people are willing to support an institutional arrangement that
realises large-scale redistribution of wealth between social groups of society. Steffen Mau …

Financial innovation challenges the foundations of monetary theory, and standard monetary
theory has not been very successful at describing the history of US inflation. Motivated by …

We use a cost-of-capital framework to analyze the long-run steady state and transition path
for GDP as a result of the 2017 tax law. We predict that, for the law as written, the long-run …

A System of Health Accounts 2011: Revised Edition provides an updated and systematic
description of the financial flows related to the consumption of health care goods and …

América Latina y el Caribe (ALC) ha reducido su desigualdad y su pobreza, y enfrenta las
próximas décadas con mayor optimismo que en el pasado. Conforme la región crece …

This lecture discusses the economic losses that result from an unfunded social security
retirement system and the potential gain from shifting to a funded system. The social security …