This paper discusses two topics which are at the very center of the ongoing political debate on public pension reform. First, we deal with the puzzle that there is a public pension system at all from a purely neoclassical point of view. Second, we address the issue which is considered the...

In this paper, we present the results of a dynamic microsimulation analysis that examines how changes in the educational integration of first- and second-generation immigrants would affect the future size of the Austrian labour force. Due to population ageing and migration, the number and...