The project aims to develop our understanding of the role and influences of migration in a European and economic context.
Over the short run, the project will provide a welfare analysis of migration which takes social security systems into account. In the long run, it will quantify cross-country redistribution generated by differences in population aging when both capital markets and labor markets are integrated.
In order to do so, a multi-country overlapping-generations model with endogenous migration, endogenous labor decisions and detailed modeling of social security systems will be developed and calibrated for a representative sample of European Union countries, including Austria.