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Aging, Factor Returns, and Immigration Policy
In this note we analyze how aging affects immigration policy. We set up a dynamic political-economy model of representative democracy in which the government of the destination country sets the immigra- tion level to maximize aggregate welfare of the constituency. Aging, i.e. a decline in the growth...
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| Εκδόθηκε σε: | MAGKS - Joint Discussion Paper Series in Economics (Band 26-2009) |
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| Κύριοι συγγραφείς: | , |
| Μορφή: | Arbeit |
| Γλώσσα: | Αγγλικά |
| Έκδοση: |
Philipps-Universität Marburg
2009
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| Θέματα: | |
| Διαθέσιμο Online: | Πλήρες κείμενο PDF |
| Ετικέτες: |
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| Περίληψη: | In this note we analyze how aging affects immigration policy. We set up a dynamic political-economy model of representative democracy in which the government of the destination country sets the immigra- tion level to maximize aggregate welfare of the constituency. Aging, i.e. a decline in the growth rate of the native population, has an ex- pansionary effect on immigration. This immigration effect may even overcompensate the initial decline in population growth such that the total labor force grows more strongly and the capital stock per worker declines. We also compare our results to the social planner allocation and to the median-voter equilibrium. |
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| Φυσική περιγραφή: | 8 Seiten |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0007 |