Aging
New aging study findings reported from Wesleyan University
Published in Elder Law Weekly, May 7th, 2008
"Razin, Sadka, and Swagel [Razin, Asaf, Efraim Sadka, and Phillip Swagel (2002) ''The Aging Population and the Size of the Welfare State'' Journal of Political Economy, vol. 110, no. 4, pp. 900-918.] unveil a puzzling fact: the welfare state appears to be shrinking even as the dependency ratio rises. While they formulate an elegant political economy model to explain the coexistence of an aging population and declining transfers, the resolution of the puzzle turns out to be much simpler," researchers in the United States report.
"Labor tax rates and per capita transfers are negatively correlated with the dependency ratio in advanced economics only because this measure...
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Source: Elder Law Weekly (2008-05-07)
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