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Migration-Regime Liberalization and Social Security : Political-Economy Effect
Razin, Assaf - 2010
The pay-as-you-go social security system, increasingly burdened by dwindling labor force, can benefit from immigrants whose birth rates exceed those of the native born birth. The paper examines adynamic political-economy mechanism through which the social security system influences the young...
Persistent link: https://www.econbiz.de/10013152617
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Migration and the Welfare State : Dynamic Political-Economy Theory
Razin, Assaf; Sadka, Efraim; Suwankiri, Ben - 2021
We develop a dynamic politico-economic theory of welfare state, featuring three groups of voters: skilled workers …
Persistent link: https://www.econbiz.de/10013226579
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Migration and the Welfare State : A Dynamic Political-Economy Theory
Razin, Assaf - 2010
We develop a dynamic politico-economic theory of welfare state and immigration policies, featuring three groups of …
Persistent link: https://www.econbiz.de/10013149699
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Unskilled Migration : A Burden or a Boon for the Welfare State
Razin, Assaf; Sadka, Efraim - 2021
In a static setup, migration of unskilled labor may be resisted by the entire native-born population because, being relatively low earners, migrants are net beneficiaries of the fiscal system. However, the paper shows that with a pay-as-you-go pension, an important pillar of the welfare state,...
Persistent link: https://www.econbiz.de/10013244737
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The Stability and Growth Pact as an Impediment to Privatizing Social Security
Razin, Assaf; Sadka, Efraim - 2022
The aging of the population shakes the confidence in the economic viability of pay-as-you-go social security systems. We demonstrate how in a political-economy framework the shaken cofidence leads to the downsizing of the social security-system, and to the emergence of supplemental individual...
Persistent link: https://www.econbiz.de/10013322100
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Migration and Pension
Razin, Assaf; Sadka, Efraim - 2022
Migration has important implications for the financial soundness of the pension system, which is an important pillar of the welfare state. While it is common sense to expect that young migrants, even if low-skilled, can help society pay the benefits to the currently elderly, it may nevertheless...
Persistent link: https://www.econbiz.de/10013309210
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Young and Out in Germany : On the Youths' Chances of Labor Market Entrance in Germany
Franz, Wolfgang; Inkmann, Joachim; Pohlmeier, Winfried; … - 2021
This paper deals with the labor market entrance of young people in the Federal Republic" of Germany. The main focus is … on failures during this stage. First, an overview of the youth" labor market in Germany is given. Then, the transition …
Persistent link: https://www.econbiz.de/10013222219
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German and American Wage and Price Dynamics : Differences and Common Thenes
Franz, Wolfgang; Gordon, Robert J. - 2021
The evolution of unemployment in West Germany and the U. S. stands in sharp contrast, with German unemployment much … big difference berween the two countries is that there is no feedback from wages to prices in Germany, and so high … unemployment does not put downward pressure on the inflation rate. During the 19705 and 19805 in Germany there emerged a growing …
Persistent link: https://www.econbiz.de/10013237265
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The Duration of Youth Unemployment in West Germany : Some Theoretical Considerations
Franz, Wolfgang - 2021
This paper presents a theoretical model dealing with the duration of youth unemployment in West Germany. Duration can …
Persistent link: https://www.econbiz.de/10013249173
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The Reservation Wage of Unemployed Persons in the Federal Republic of Germany : Theory and Empirical Tests
Franz, Wolfgang - 2021
This study examines the determinants of the reservation wage of unemployed persons in the Federal Republic of Germany …
Persistent link: https://www.econbiz.de/10013249255