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dc.contributor.authorMarchiori, Lucaen_US
dc.contributor.authorPierrard, Olivieren_US
dc.contributor.authorSneessens, Henri R.en_US
dc.date.accessioned2012-04-10en_US
dc.date.accessioned2012-06-15T07:48:30Z-
dc.date.available2012-06-15T07:48:30Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-201111213217-
dc.identifier.urihttp://hdl.handle.net/10419/58644-
dc.description.abstractThis paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of capital flows, because of stronger employment adjustments in comparison with a competitive economy. We next exploit the model to investigate how demographic asymmetries may have contributed to unemployment and welfare changes in the recent past (1950-2010). We show that a policy reform in one country also has an impact on labor markets in other countries when capital is mobile.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6094en_US
dc.subject.jelJ11en_US
dc.subject.jelF21en_US
dc.subject.jelD91en_US
dc.subject.jelC68en_US
dc.subject.ddc330en_US
dc.subject.keyworddemographicsen_US
dc.subject.keywordcapital flowsen_US
dc.subject.keywordoverlapping generationsen_US
dc.subject.keywordgeneral equilibriumen_US
dc.subject.keywordunemploymenten_US
dc.subject.stwKapitalmobilitäten_US
dc.subject.stwBevölkerungsentwicklungen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwArbeitsmarktflexibilitäten_US
dc.subject.stwUnvollkommener Markten_US
dc.subject.stwOverlapping Generationsen_US
dc.subject.stwVergleichen_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwUSAen_US
dc.titleDemography, capital flows and unemploymenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn689932758en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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