Imagine That!

Some interesting news from Michigan:

Michigan workers are not going to suffer. They have simply been given the freedom to join or not join a union, to pay or not pay dues. And while wages in right-to-work states such as Virginia, Tennessee, Texas and Florida are slightly below those of other states, employment in . . . → Read More: Imagine That!

Public Pension Crisis in OECD Countries

The central aim of my bachelor’s thesis is to demonstrate the unsustainability of public pension system in OECD countries in the longer run through the lens of a rigorous theoretical and empirical analysis.

The origins of contemporary public pension schemes date back to 19th century when Bismarck Germany in 1881 first adopted a universal . . . → Read More: Public Pension Crisis in OECD Countries

The Empirical Evidence on Wagner’s Law

Ever since the original proposition by a 19th century German economist Adolph Wagner, Wagner’s law has undergone significant theoretical and empirical discussion on its long-run validity. In the most basic and rudimentary version, the law states that alongside the economic development of industrial societies, there is a persistent tendency of an increasing share of . . . → Read More: The Empirical Evidence on Wagner’s Law