From the turn of the present century until late 2008, house prices in some developed countries, including Canada, rose sharply compared to the increases in their <italic>per capita</italic> incomes. Some in the public circles of these countries argue that immigration fueled this rise. Each year, Canada admits...

This article is the first attempt in the literature to investigate the effects of public social security on aggregate consumption in a time-series setting for a developing country, Turkey that has one of the most generous social security systems in the organization for economic cooperation and...