This study compares the effects of economic internationalisation on the functional distribution of labour income in the U.S.and Germany. The benchmark for assessing the empirical analyses theoretically is the general equilibrium framework ofinternational trade theory. Focusing on general...

Once an integral component of company-sponsored compensation schemes in many Western economies, private defined benefit (DB) pensions are in decline. For many, DB schemes (and their related healthcare liabilities, depending on the jurisdiction) have hobbled the financial well being of plan...

China is currently in the process of developing the largest pension system in the world and it is doing this in the context of profound economic reform and demographic transformation. The central government has followed a step-by-step approach to set up a system that is capable of accommodating...