account when there is aggregate price-level uncertainty.

he did prior to coming home.

We explore the complementarities between high-skill emigration and poverty in developing countries. We build a model endogenizing human capital accumulation, high-skill migration and productivity. Depending on the magnitude of the key elasticities, the model economy displays a unique stable...

Neglecting the interactions between pension reforms and labour market frictions leads to an underestimation of the effects of such reforms.