Can Immigrant Employment Alleviate the Demographic Burden? The Role of Union Centralization
نویسندگان
چکیده
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. JEL-Classification: F22, H55, J51
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