BACKGROUND & OBJECTIVE The decline in fertility rates and the increase in life expectancy have changed the demographic structure of many countries substantially and entail long-term economic implications too. Population aging has adverse effects on countries' economies, especially with respect to the social security system and the welfare structure. METHODS Given the importance of the phenome...

The labor supply and other work incentive effects of welfare programs have long been a central concern in economic research. Work has also been an increasing focus of policy reforms in the U.S., culminating with a number of major policy changes in the 1990s whose intent was to increase employment and earnings levels of welfare recipients and other disadvantaged individuals. This paper reviews t...

With decades of behavioral economic research now achieving prominence, the last decade has seen the advent of behavioral policymaking. These efforts have been widely seen as successful in that they achieve policy goals without inducing backlash on the part of policy targets. Behavioral policies create a unique challenge to welfare analysis that has not been sufficiently addressed in the literat...

Entrepreneurship is largely ignored or treated in a highly simplified way in endogenous growth theory. Still, it is now widely recognized that the supply of entrepreneurial talent is likely to be important for economic growth, innovation and job creation. This study consists of an indepth examination of how the supply of productive entrepreneurship is likely to be affected by the kind of tax an...

Information about animal welfare standards and initiatives from eight European countries was collected, grouped, and compared to EU welfare standards to detect those aspects beyond minimum welfare levels demanded by EU welfare legislation. Literature was reviewed to determine the scientific relevance of standards and initiatives, and those aspects going beyond minimum EU standards. Standards an...

What principles vis-à-vis future generations should govern our policy choices? Tyler Cowen argues for a “Principle of Growth”: “We should make political choices so as to maximize the rate of sustainable economic growth.”1 Economic growth means the growth of inclusive gross domestic product (GDP), not just marketed goods and services, but also leisure time, household production, and environmenta...

This study investigates the relationship between the welfare state and poverty with multiple measures of the welfare state and poverty in an unbalanced panel of 18 Western nations from 1967 to 1997. While addressing the limitations of past research, the analysis shows that social security transfers and public health spending significantly reduce poverty. Less robust evidence exists that social ...