Sustaining Fiscal Policy through Immigration
نویسندگان
چکیده
منابع مشابه
Sustaining Fiscal Policy Through Immigration1
Using a calibrated general equilibrium overlapping generations model, which explicitly accounts for di erences between immigrants and natives, this paper investigates if an immigration policy reform alone could resolve the scal problems associated with the ageing of the baby boom generation. Such policies are found to exist and are characterized by increased in ow of working-age highand medium-...
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I evaluate the welfare effects of exogenous changes in immigration policy by constructing a heterogeneous agent overlapping generations model with agents differing in age, origin, and skills. Calibrating the model to Germany, I match the main features of the social security and tax systems, and account for differences in inter-generational transmission of skills and fertility between immigrants...
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Economic theory points out that immigration of even low-skilled immigrants may improve public finances in Western welfare states, and it is some times suggested that fiscal sustainability problems in Western countries caused by ageing populations could be solved by increasing immigration. We examine consequences of various immigration scenarios using the large-scale computable general equilibri...
متن کاملAgeing, Immigration, and Fiscal Sustainability
This paper evaluates the sustainability of Danish fiscal policy for a given demographic development. The total population forecast is the sum of individual forecasts for 5 different origin groups including immigrants and descendents of immigrants. Results are that the demographic dependency ratio increases and has a local maximum around 2040. However, the level of the dependency ratio remains p...
متن کاملCommentary: Fiscal Policy and the Fiscal Position
As economics has developed, a number of different fiscal principles have been suggested. Perhaps the oldest principle was that the Government should balance its books. This principle was adopted by the 1979 Conservative Government but they delivered a budget in balance or in surplus only in 1988/89 and 1989/90. The same principle has been adopted in the Stability and Growth Pact, albeit with an...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 2000
ISSN: 0022-3808,1537-534X
DOI: 10.1086/262120