Sustaining Fiscal Policy Through Immigration1
نویسنده
چکیده
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-skilled immigrants. One particular feasible policy involves admitting 1.6 million 40{44 year old high-skilled immigrants annually. These ndings are illustrated by computing the discounted government gain of admitting additional immigrants, conditional on their age and skills.
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