Can Immigrant Employment Alleviate the Demographic Burden? The Role of Union Centralization

نویسندگان

  • ALEXANDER KEMNITZ
  • Alexander Kemnitz
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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تاریخ انتشار 2006