Considerable research attention has focused on the labor market impacts of immigration, the operation and competitiveness of the European Union (EU) labor market, and the expenditures and advantages of labor circulation for sending and receiving economies. The aim of the present study is to...

Many studies have examined Keyfitz’s population momentum, a special case of inertia in long-term population size resulting from demographic transition to the stationary population growth rate. Yet, population inertia can be produced by any demographic perturbation (i.e., not just perturbations...

This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance against macro level shocks in terms of automatic stabilizers. We find that automatic stabilizers absorb 38% of a proportional income shock and 47% of an idiosyncratic...