This study discusses the pension system as an institutional structure for intergenerational exchange. The concept of intergenerational equilibrium is introduced as a condition for pension system stability, reducing labour market distortions as well as reaching social policy goals such as giving...

This study analyzes the educational attainment and early labor market outcomes of young migrants from the Former Soviet Union (FSU) who arrived in Germany between 1989 and 1994. The results reveal that migrants have lower educational attainments than natives, and that within the group of...

This paper analyzes whether technological change improves equality of labor market opportunities by decreasing returns to parental background. We find that in Germany during the 1990s, computerization improved the access to technologyadopting occupations for workers with low-educated parents,...