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Title:Can immigrant employment alleviate the demographic burden? : The role of union centralization PDF Logo
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.
public pensions
trade union
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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