1999
DOI: 10.1016/s0047-2727(99)00038-9
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Migration and pension with international capital mobility

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Cited by 135 publications
(112 citation statements)
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“…It seems difficult to generalize our results to unforced migrants regarding the average or aggregate effect. On the one hand, refugees differ in their lower impact on public finances compared with economic migrants, who could affect both social security and pension systems (Razin and Sadka, 1999). On the other hand, refugee inflows go along with a large spectrum of free-delivered services by NGOs and international organizations to the local population.…”
Section: Discussionmentioning
confidence: 99%
“…It seems difficult to generalize our results to unforced migrants regarding the average or aggregate effect. On the one hand, refugees differ in their lower impact on public finances compared with economic migrants, who could affect both social security and pension systems (Razin and Sadka, 1999). On the other hand, refugee inflows go along with a large spectrum of free-delivered services by NGOs and international organizations to the local population.…”
Section: Discussionmentioning
confidence: 99%
“…This argument has been used by many policy makers in Europe to highlight the potential role of immigration policy as a tool to deal with the difficulties created by pay as you go social security systems in the presence of an ageing population. For a formal analysis, see Razin and Sadka (1999), while Storesletten (2000) has studied how migration policy can be used to sustain the existing welfare system in the United States. See also Haupt and Peters (2003).…”
mentioning
confidence: 99%
“…The voting process leads to an outcome which is too low compared to the social optimum because the positive externality of immigration is not fully internalized. In a political economic framework, Razin and Sadka's (1999) positive view on immigration can therefore no longer be sustained. At the same time, Scholten and Thum's (1996) result becomes even more pronounced.…”
Section: Resultsmentioning
confidence: 99%
“…Our model combines the basic ideas of two previous models. On the one hand, we take the more realistic defined-benefit system 2 from Scholten and Thum (1996) instead of the defined-contribution system in Razin and Sadka (1999). On the other hand, we distinguish voters by their skills as in Razin and Sadka (1999) and not only by their age as in Scholten and Thum (1996).…”
Section: Introductionmentioning
confidence: 99%