The paper presents univariate and panel unit root tests for gasoline and oil price convergenceover the last decade. We test for the absolute versus relative version of the LOOP andestimate the speed of convergence as well as its development over time...

Although immigration of workers generates a positive externality on members of domesticpension systems...

Depending on the design of the domestic pension system and the type of immigrants, voters will decide differently on immigration policy. In this paper, we investigate the voting outcome of three groups of heterogenous voters (skilled workers, unskilled workers, and retirees) under Beveridgian or...

Although immigration of workers generates a positive externality on members of domestic pension systems, many countries are very reluctant to allow foreigners into their labor markets. In a political economic framework, we explain this voting outcome by considering a young unskilled median voter...