This paper studies human-capital formation, labor-supply, and retirement decisions associated with four alternative regimes of social security. We implement a theoretical model with overlapping generations of households and two different ability types within each generation. We find that with a...

Angesichts des demografischen Wandels wird Deutschland in den kommenden Jahren mit einem zunehmenden Fachkräftemangel konfrontiert sein. In Deutschland kann das Fachkräfteeinwanderungsgesetz notwendige Kompetenzen sichern: Damit es diese Wirkung entfalten kann, sollten der Visaprozess und die...

Deutschland steht vor einer akuten Herausforderung: Der Fachkräftemangel ist in nahezu allen Branchen und Regionen spürbar und bremst Innovation und Wachstum. Ein erhebliches Potenzial zur Linderung dieses Engpasses liegt in der stärkeren Integration von Frauen, älteren Arbeitnehmern und...

Immigration has become one of the most divisive political issues in the United States, the United Kingdom, France and several other Western countries. We estimate the impact of immigration on voting for far-left and far-right parties in France, using panel data on presidential elections from...

Immigration has become one of the most divisive political issues in the United States, the United Kingdom, France and several other Western countries. We estimate the impact of immigration on voting for far-left and far-right candidates in France, using panel data on presidential elections from...

Immigration has become one of the most divisive political issues in the United States, the United Kingdom, France and several other Western countries. We estimate the impact of immigration on voting for far-left and far-right candidates in France, using panel data on presidential elections from...

Immigration has become one of the most divisive political issues in the United States, the United Kingdom, France and several other Western countries. We estimate the impact of immigration on voting for far-left and far-right candidates in France, using panel data on presidential elections from...

Immigration has become one of the most divisive political issues in the United States, the United Kingdom, France and several other Western countries. We estimate the impact of immigration on voting for far-left and far-right parties in France, using panel data on presidential elections from...

We suggest a political economy explanation for the stylized fact that intragenerationally more redistributive social security systems are smaller. Our key insight is that linking benefits to past earnings (less redistributiveness) reduces the efficiency cost of social security (due to endogenous...