Marchiori, Luca; Pierrard, Olivier - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
This paper contributes to the already vast literature on demography-induced internationalcapital flows by examining the role of labor market imperfections and institutions. We setup atwo-country overlapping generations model with search unemployment, which we calibrateon EU15 and US data. Labor...