In this paper, I estimate the fiscal impact of immigrants on the German pension insurance (PI) and unemployment insurance (UI) systems when return migration is an endogenous choice. For this purpose, I develop a dynamic stochastic model of joint return migration and saving decisions that...

Demographic trends put a burden on EU pension provision. As the sustainability of pension systems is addressed by current pension reforms, lower benefit levels are projected. In this scenario, households may want to consider supplementing their public pension income. As their own residence is on...

Volume 1A: The global demography of aging : facts, explanations, future / D.E. Bloom, D.L. Luca -- Macroeconomics, aging, and growth / R. Lee -- Migration and the demographic shift / A. Zaiceva, K.F. Zimmerman -- Global demographic trends : consumption, saving, and international capital flows /...