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Social Security rules have changed constantly since its creation, generating
different outcomes across cohorts, race and gender. A look at the history of
social security in the US and Germany provides substantial evidence of policy
risk in their pay-as-you-go systems. This does not only impose welfare costs
on the population, but also has important wealth accumulation and portfolio
choice consequences. Using the history of policy changes, estimates of the
potential welfare costs to the US population are presented. This book also
explores the effects of policy risk on wealth accumulation, both...

Modern society is currently facing a cascade of environmental crises. Moving forward, it will be the job of current and future generations to develop sound and creative approaches to addressing them. This book attempts to provide insight into the ways in which society can confront modern agricultural, environmental, and resource challenges. In particular, it provides an economic lens with which to examine and confront these issues. The first part of the book introduces a general economic framework that can be used to analyze these issues. Subsequent chapters rely on this framework to...

Modern society is currently facing a cascade of environmental crises. Moving forward, it will be the job of current and future generations to develop sound and creative approaches to addressing them. This book attempts to provide insight into the ways in which society can confront modern agricultural, environmental, and resource challenges. In particular, it provides an economic lens with which to examine and confront these issues. The first part of the book introduces a general economic framework that can be used to analyze these issues. Subsequent chapters rely on this framework to...

This book provides an overview of the state of animal agriculture and present methodologies and proposals to develop policies that result in sustainable and profitable animal production that will protect human and environmental health, enhance livelihood of smallholders and meet consumer needs. The book combines lessons of the past, factual foundation to understand the present, analytical tools to design and improve policies, case studies that provide both empirical grounding and applications of some of the strategies suggested in this book, and finally, a proposal for the way forward.

This book was initiated while the three major authors were at the Development Centre of Organisation for Economic Cooperation and Development (OECD) in Paris, working on its program on economic growth, trade, and sustainability. We wish to thank the OECD Development Centre for its support. The book was completed during summer 2001 at the Center for Agricultural and Rural Development (CARD) at Iowa State University. We appreciate the resources and financial support CARD provided for publication of this work. Sandra Clarke provided technical editing of the manuscripts and oversaw the indexing...

This volume brings together contributions from leading economic analysts around the Pacific Basin, reporting on their research into three of the most important issues facing the region: trade, investment flows, and the environmental effects of economic growth. These issues have important domestic and multilateral ramifications, and the Pacific Basins status as the world's most dynamic economic region makes this analysis relevant to policy makers and researchers in all countries.