This paper presents a simple condition for optimal coordination of social security policies in case where countries employ different production functions and capital and labour are fully mobile. We find that if both countries run fully funded pension schemes, an allocation of labour and capital...

Many EU states have adjusted pension benefits or reformed the pension system in reaction to the recent economic crisis, while other member states have postponed this type of adjustments. In this paper we analyse the welfare effects of these different reactions to the crisis in an economic union....

This paper studies the spillover effects of pension reform in a a two-country two-overlapping-generations model with capital and labour mobility. A stable equilibrium is achieved assuming the presence of an immobile production factor. The long-run effects of pension reform are derived...

This paper proposes a simple, fast and direct nonparametric test to verify if a sample is drawn from a distribution with a finite first moment. The method can also be applied to test for the existence of finite moments of another order by taking the sample to the corresponding power. The test is...

This report models and analyses various aspects of the macroeconomic impact of competition policy interventions by the European Commission over the period 2012-2022. Based on information provided by the Directorate-General for Competition (DG COMP) on its merger interventions, cartel...

The main conclusions of the thesis are that pension reform can be welfare improving if losses and benefits are redistributed by the central government. The possibility of welfare improving social security reform comes from a more efficient use of an immobile production factor, such as land....