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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/18989
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| Title: | | Can immigrant employment alleviate the demographic burden? : The role of union centralization  |
| Authors: | | Kemnitz, Alexander |
| Issue Date: | | 2005 |
| Series/Report no.: | | CESifo working papers 1525 |
| Abstract: | | This paper investigates the effect of labor immigration on public pensions when wage setting by a centralized trade union leads to unemployment. It is shown that immigration improves the financial soundness of pay-as-you-go pensions if and only if it diminishes total employment. This occurs if the absolute value of the elasticity of labor demand exceeds the unemployment rate. |
| Subjects: | | immigration public pensions trade union |
| JEL: | | J51 H55 F22 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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