Most studies investigating the poor earnings performance of immigrants implicitly assume that human capital endowments determine actual earnings, and that immigrant-nativeborn wage gaps can be analyzed in terms of those earnings. In this study we claim that this assumption is not validated by...

This article is the first attempt in the literature to investigate the effects of public social security on aggregate consumption in a time-series setting for a developing country, Turkey that has one of the most generous social security systems in the organization for economic cooperation and...

For the past two decades, most immigrants who arrived in the advanced nations of the western world originated in less advanced countries of the third world. One of the main barriers to their economic integration, as viewed in the public circles of host nations, is the lack of recognition of...

This paper examines the increase in generational selfishness in parametric reforms of pay-as-you-go (PAYG) pension systems as a potential outcome of the time-inconsistency problem in optimal policies. When an adverse demographic shock occurs, the planner has to decide on its generational...

There are two competing views on how immigration would affect local labor markets. When immigrants offer skills similar to those of native-born workers, they may compete directly with them, and this competition may lead to lower economic returns for native-born workers. This view can be called...

In universities across many western countries, student enrolments in economics discipline rose sharply towards the end of last decade but not in Canada. One reason for this outcome may be the continued perception of Canadian students of a lower economic reward to an economics degree. Using micro...