|Title:||The Decline of the Welfare State|
|Publisher:||The MIT Press|
|Description:||The modern welfare state redistributes income from the working young to the retired old and from the rich to the poor. Aging—a common contemporary phenomenon in the industrial countries— has far-reaching implications for the survival of the welfare state. Similarly, though to a lesser degree, low-skill migration attracted to the welfare state may put additional strains on it. Finally, globaliza- tion—another widespread recent phenomenon—generates interna- tional tax competition, and the consequent erosion in the tax base, especially on capital income, is another blow to the public ﬁnance of the welfare state.|
|Appears in Collections:||Environmental and Development Studies|
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