Summary The welfare calculus of migration of the recipient country is tackled at the level of macro- and of microeconomics, using the technical apparatus of the welfare economics of international trade. It turns out that - as opposed to the international-trade case - in order to exploit positive...

Abstract The German system of unemployment insurance has failed to prevent the rise of unemployment over the past decades. The authors suggest replacing the existing federal unemployment insurance by a dual-system model of private unemployment insurance that includes incentives on the side of...