the one hand, and integration gains on the other. We then argue that a proper evaluation must rely on an explicit welfare … aggregate welfare of an incumbent country is affected by an enlargement of the EU. We address traditional effects of trade … enlargement affects foreign direct investment and labor migration, and what this implies in welfare terms for an invumbent western …

In part I of this paper, we have presented a general treatment of the welfare effect of an eastern EU enlargement on … of the welfare and distributional consequences of enlargement. Focusing on the Austrian case, we therefore implement an … enlargement. Relying on a Hicksian welfare measure which incorporates both long-run effects and short-run adjustment, our …

demonstrate the economic and welfare impact of recent pension reform in Austria. …