Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062036 | Economics Letters | 2008 | 4 Pages |
Abstract
We examine how labor immigration affects public pensions under centralized wage setting. We show that immigration improves the sustainability of pay-as-you-go pensions if and only if total employment declines. This occurs if the labor demand elasticity exceeds the unemployment rate.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alexander Kemnitz,