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We analyse how institutional and political decisions are intertwined. Citizens who differ in their mobility and ability vote first on labour market integration and afterwards on education policy. The institutional decision on integration influences the succeeding education policy. More...
Persistent link: https://www.econbiz.de/10003818041
Aging changes the political power in a democracy in favor of the elder generations. Consequently, the retirees can extend the pay-as-you-go financed pensions. Under free labor mobility like within the EU, the success of gerontocracy, nevertheless, is restricted by migration of the young...
Persistent link: https://www.econbiz.de/10011399341
In this paper, we analyse how increasing student migration from a less developed to a developed country alters education policy in the developed country, and how it affects human capital and welfare in the two countries. We argue that a higher permanent migration probability, i.e., a higher...
Persistent link: https://www.econbiz.de/10010202826
In this paper, we analyse the implications of labour market integration in a two-region model with local human capital externalities and congestion effects. We show that integration can be a double-edged sword. Integration and the ensuing agglomeration of skilled labour can reduce "real" income...
Persistent link: https://www.econbiz.de/10010403243
Persistent link: https://www.econbiz.de/10010495190
Aging changes the political power in a democracy in favor of the elder generations. Consequently, the retirees can extend the pay-as-you-go financed pensions. Under free labor mobility like within the EU, the success of gerontocracy is restricted by migration of the young generations. This...
Persistent link: https://www.econbiz.de/10001611135
Persistent link: https://www.econbiz.de/10001786930
Persistent link: https://www.econbiz.de/10001740760
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