Immigration, Fiscal Policy, and Welfare in an Aging Population

Akin, S. Nuray

doi:10.1515/1935-1690.2352

Cited by 6 publications

(6 citation statements)

References 8 publications

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“…Storesletten (2003) analyzes the fiscal impacts of immigrants with different education levels and concludes that high skilled immigration can be used to ease the fiscal burden of an aging population. Akin (2012) examines the effects of exogenous changes in immigration policy on individual welfare. Calibrating her model to German data, she concludes that higher rates of immigration flows improve the welfare of native-born individuals, despite decreases in wages.…”

Section: Related Literaturementioning

confidence: 99%

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Selective immigration policy and its impacts on Canada's native‐born population: A general equilibrium analysis

İleri¹

2019

Canadian J of Economics

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This paper analyzes the effects of skilled immigration on the wage inequality between different education groups and the welfare of the incumbent population. I use a heterogenous agent overlapping generations model with endogenous discrete college education choice and calibrate it to match the features of 1981 Canadian economy. My quantitative analysis suggests that reducing the skilled immigration rate generates a rise in the growth rate of the wage inequality between college-educated and non-college workers. As skilled immigrants are admitted at a lower rate, more natives opt for college education in the economy. My welfare analysis shows that the incumbent young and college-educated population benefits more from a reduction in the skilled immigration rate. On the other hand, young generations with below college education face welfare losses. My results suggest that skilled immigration contributes positively to the overall welfare in the economy.

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Section: Related Literaturementioning

confidence: 99%

“… This utility form is preferred in many macro models because of its property that a constant consumption growth rate is obtained at steady state. See Akin (), He (), Heckman et al. () and İmrohoroğlu et al.…”

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confidence: 99%

Selective immigration policy and its impacts on Canada's native‐born population: A general equilibrium analysis

İleri¹

2019

Canadian J of Economics

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“… 9 Generally, the difference in efficiency and difference in fertility are rather similar, while has a small positive value and by construction, so the inequality is virtually always satisfied. For instance, Akin (2012) using German socio-economic panel data calibrated the fertility rates for the two immigrant skill groups, φ s = 0.84 and φ u = 1.14 (found in Akin, Table 6). Based on Akin, Table 4, assuming the unskilled as a numéraire, the efficiency levels can be computed, ɛ s = 1.46 and ɛ u = 1.…”

mentioning

confidence: 99%

“…For instance, Akin (2012) using German socio-economic panel data calibrated the fertility rates for the two immigrant skill groups, φ s = 0.84 and φ u = 1.14 (found in Akin, Table 6). Based on Akin, Table 4, assuming the unskilled as a numéraire, the efficiency levels can be computed, ɛ s = 1.46 and ɛ u = 1.…”

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confidence: 99%

PAYG challenge for preferential migration

Aslanyan

Mariev

2020

Journal of Pension Economics and Finance

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Abstract The current study assesses the role of the pay-as-you-go system as an intergenerational redistributive mechanism while immigration control is considered. A theoretical model of a small open economy populated with overlapping generations of heterogeneous agents is used to show that skill-favouring immigration policies are, under rather permissive conditions, welfare depriving for the overall population. However, the policy-setting generation is shown to benefit from immigration control, thus decreasing the welfare for the future population.

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“…For the US economy Storesletten (2000) finds that high-skilled migrants aged 40-44 are the most beneficial from the fiscal standpoint. For Germany, Akin (2012) finds that, at 2011 immigration rates the country's welfare is enhanced by around 3%. In his model with agents heterogeneous in wealth holdings Benhabib (1996) finds that if migrants decrease the capital/labour ratio, then those locals with above-average capital will have higher post-immigration income.…”

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confidence: 99%

Welfare Effects of Labor Migration

Vikhrov

2013

SSRN Journal

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The developed theoretical model analyzes the welfare effects of labor migration. I find that for the receiving country immigration enhances welfare as long as the marginal benefits to the natives' income exceed the social costs of immigration. Over-emigration of workers generated by free mobility is welfare detrimental to the source country because of the diaspora effect -migrants negatively affect their own income. The source country prefers to coordinate the immigration quota with the destination country, because the coordinated solution internalizes the negative diaspora effect. Contrary to popular opinion, under certain conditions unilateral enforcement of the immigration quota benefits the source country also, because it reduces the extent of the migrants' income decline. AbstraktVytvořený teoretický model analyzuje dopady migrace pracovní síly na prosperitu. Zjišt ' uji,že imigrace zvyšuje prosperitu přijímající země, pokud mezní přírůstek příjmu původních obyvatel převyšuje sociální náklady imigrace. Příliš vysoká emigrace pracovníků, zapříčiněná volným pohybem osob, snižuje prosperitu země původu z důvodu efektu diaspory -migranti negativně ovlivňují svůj vlastní příjem. Země původu dává přednost koordinaci imigračních kvót s přijímající zemí, protože koordinace internalizuje negativní efekt diaspory. V kontrastu s populárním názorem, za určitých podmínek jednostranné prosazování imigrační kvóty prospívá i zemi původu, protože snižuje rozsah poklesu příjmu migrantů.

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Immigration, Fiscal Policy, and Welfare in an Aging Population

Cited by 6 publications

References 8 publications

Selective immigration policy and its impacts on Canada's native‐born population: A general equilibrium analysis

Selective immigration policy and its impacts on Canada's native‐born population: A general equilibrium analysis

PAYG challenge for preferential migration

Welfare Effects of Labor Migration

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