TY - BOOK AU - Razin,Assaf AU - Sadka,Efraim AU - Nam,ChW. TI - The decline of the welfare state: demography and globalization T2 - CESifo book series SN - 0262182440 AV - JC479 .R39 2005 U1 - 330.126 22 PY - 2005///] CY - Cambridge, Mass. PB - MIT Press KW - Welfare state KW - Aging KW - Emigration and immigration KW - Globalization N1 - Includes bibliographical references (pages 121-125) and index; 1; Overview --; 2; Aging, migration, and the widening wage gap --; 3; Migration and the welfare state --; 4; Balanced-budget rules and the downscaling of the welfare state --; 5; The capital-tax-financed welfare state --; 6; Aging and the welfare state : empirical evidence --; 7; Capital taxation : the shadow of international tax competition --; 8; The downward convergence of capital taxation across countries : evidence from the European Union N2 - "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."--BOOK JACKET ER -