Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18989
Authors: 
Kemnitz, Alexander
Year of Publication: 
2005
Series/Report no.: 
CESifo Working Paper 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

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