We empirically analyse convergence of European producer and consumer prices for diesel fuel and investigate the role of excise taxation. By comparing the speed of convergence of prices and taxes we find a surprisingly fast speed of convergence for consumer prices. While this can in part be...

We analyze the influence of terrorism on migration for 152 countries during 1976-2000. We find robust evidence that terrorism is among the 'push factors' of skilled migration, whereas it is not robustly associated with average migration.

Abstract Within the last years, the development of the pension value (Rentenwert), which determines the size of public pension benefits in the German public pension system, was strongly affected by discretional changes in the method of its calculation. The aim of the present study is to shed...

Summary We empirically investigate whether the significance of intragenerational redistribution in the public pillar of pension systems in 20 OECD countries has changed systematically since the 1980s and whether international convergence of the degree of intragenerational redistribution can be...

Razin and Sadka (1999) show that unskilled immigration is beneficial to all income and all age groups in society, even if immigrants are net beneficiaries of the welfare system. Among other things, this result rests on the assumptions that immigrants have the same reproduction rate as the native...

This contribution examines the role of capitalism in anti-American terrorism. It uses two theoretical frameworks, both of which contrast the pacifying effects of higher levels of capitalist development with the potentially destabilizing effects of a transition towards capitalism, but differ with...