Italy’s old age dependency ratio in 2012 is 0.28; by 2050, it is expected to rise to 0.68. Would you be willing to build a new factory in Italy in 2050? Will Italian teenagers in 2050 be motivated to...

Italy’s old age dependency ratio in 2012 is 0.28; by 2050, it is expected to rise to 0.68. Would you be willing to build a new factory in Italy in 2050? Will Italian teenagers in 2050 be motivated to study hard in school if they fear that their future earnings will be subject to high income taxes? Suppose the European Commission is considering an EU-wide policy mandating that workers be entitled to a one-month vacation every year. To promote a common market, is it necessary that all EU members have the same policies toward annual vacations? Or should this decision be left to the member states?