Austrian School

  ABSTRACT This paper revisits the World Bank’s landmark report Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth from 1994, and uses it as a benchmark to judge the OECD’s pension systems of today. Averting the Old Age Crisis recommended a three-pillar system in which fully prefunded pillars, based on […]

  1. The extraordinary grassroots movement of low-cost private education Across the developing world, in urban slums and low-income communities, and rural villages, parents are abandoning public schools en masse. Instead, they are sending their children to private schools, low-cost private schools, typically created by educational entrepreneurs. Research over two decades has revealed several salient […]

  Malte Fischer is a native of Germany and studied economics. He earned his Diplom Ökonom degree at the Ruhr University in Bochum (D). In 1990 Fischer began to work as an academic staff researcher at the Kiel Institute for World Economy (IfW Kiel), and specialized there in business cycle research and trade policy. During […]

  Peter A. Fischer is a native of Switzerland and studied economics, business economics, international law and political sciences at the Universities of Berne (CH) and Kiel (D). Currently, he serves as Chief Economist of the Neue Zürcher Zeitung (NZZ) in Zürich. Fischer obtained an Advanced Studies Certificate in International Economic Policy Research from the […]

  H.S.H. Prince Michael von und zu Liechtenstein (LI) is a resident of the Principality of Liechtenstein. He studied economics and business administration at the Wirtschaftsuniversität Wien and graduated with a Master Degree in Business Administration (Magister der Sozial- und Wirtschaftswissenschaft). His studies included also various practical training periods and work with banks and manufacturing […]