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There are theoretical foundations which allow hypothesizing on a positive association of life expectancy or retirement age with income. If both cannot be falsified, the relationship of income and the internal rate of return of a public pension system is not straight forward. By application of a...
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In a two-period model with agent heterogeneity we analyze a pension reform toward a stronger link between contributions and benefits (as recently observed in several countries) in a pension system with a Bismarckian and a Beveridgian component. We show that such a policy change reduces the...
Persistent link: https://www.econbiz.de/10003582031
We analyse the impact of different immigration policies on human capital investment in a search-theoretic model. This class of model features unemployment and underinvestment in human capital. We show that an immigration policy aiming at well educated immigrants leads to rising educational...
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This paper investigates the evolution of wages and the recent tendency to rising wage inequality in Germany, based on …. Wage inequality started to increase around 1994 in Germany for all workers and for prime age dependent male workers as well …. Rising inequality is not the result of the recent rise in self-employment. In West Germany rising inequality occurred in the …
Persistent link: https://www.econbiz.de/10003462801
Most normative studies on child labor arrive at the conclusion that child labor is detrimental to social welfare. Child labor is, however, still prevalent in many developing countries even though in many of these countries it is forbidden by law. In this paper we develop a political-economic...
Persistent link: https://www.econbiz.de/10003461076