The paper seeks to explain the huge cross country variation in private pension funding, shaped by historical choice … made when universal pension systems were created after the Great Depression. According to Perotti and von Thadden (2006 … Reversals documented by Rajan and Zingales (2003). Wealth distribution shocks are indeed strongly related to private pension …

In this Paper, we discuss the main characteristics of European mandatory pension systems and the implications for these … intergenerational) in national pension systems to decrease. The latter result should hold true even in the presence of mobility limited …

Recent events in several countries have underscored the importance of good governance in private occupational pension … plans. The present Paper uses contract theory to analyse the interplay of residual claims and control rights in private …

While foreign-owned firms have consistently been found to pay higher wages than domestic firms to what appear to be …

assuming that the traded goods sector is competitive while the non-traded goods sector is oligopolistic, I show that real wages …

. The new jobs created by the MNCs were found in activities with relatively high productivity and wages. This suggests that …

In this paper we document a strong positive correlation of immigration flows with changes in average wages and average … compatible with a causal interpretation from immigration to wages and rents of natives. Separating the effects of immigrants on … natives of different schooling levels we find positive effects on the wages and rents of highly educated and small effects on …

positive wage effect of about the same size. Smoking and drinking do not affect the wages of females. …