G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w10512
来源IDWorking Paper 10512
The Role of Immigration in Dealing with the Developed World's Demographic Transition
Hans Fehr; Sabine Jokisch; Laurence Kotlikoff
发表日期2004-05-31
出版年2004
语种英语
摘要This paper and its companion study, Fehr, Jokisch, and Kotlikoff (2004), develop a three-region dynamic general equilibrium life-cycle model to analyze general and skill-specific immigration policy during the demographic transition. The three regions are the U.S., Japan, and the EU. Immigration is often offered as a solution to the remarkable again underway in the developed world. Absent an immediate and dramatic change in immigration, dependency ratios will roughly double over the next three decades placing fiscal institutions, in particular, and economies, in general, under enormous stress. Can immigration alleviate these stresses? The answer is unclear bacause a number of offsetting factors are at play. First, increased immigration raises the size of the labor force, but also lowers real wages. Hence, the increase in the taxable wage base due to immigration will be less than might otherwise be expected. Second, immigrants arrive with some capital and accumulate more capital as they age. This raises labor productivity and both payroll and income tax bases. Third, immigrants, like natives, require public goods and become eligible for government welfare, health care, and pension benefits. Fiscally speaking, how much one earns' from a new immigrant depends on the immigant's skill level, which, in turn, determines the immigrant's level of earnings. The reason is that taxes and transfer payments are, in general, collected and distributed on a progressive basis. Consequently, high-skilled immigrants deliver a larger bang for the buck when it comes to paying net taxes (taxes paid net of transfer payments received). Our model confirms this point. Nonetheless, its findings, even with respect to high-skilled immigration, which we investigate in detail in this paper, are not pretty. It shows that a significant expansion of immigration, whether across all skill groups or among particular skill groups, will do remarkably little to alter the major capital shortage, tax hikes, and reductions in real wages that can be expected along the demographic transition.
主题Macroeconomics ; Fiscal Policy ; Public Economics ; National Fiscal Issues
URLhttps://www.nber.org/papers/w10512
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/568141
推荐引用方式
GB/T 7714
Hans Fehr,Sabine Jokisch,Laurence Kotlikoff. The Role of Immigration in Dealing with the Developed World's Demographic Transition. 2004.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w10512.pdf(271KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Hans Fehr]的文章
[Sabine Jokisch]的文章
[Laurence Kotlikoff]的文章
百度学术
百度学术中相似的文章
[Hans Fehr]的文章
[Sabine Jokisch]的文章
[Laurence Kotlikoff]的文章
必应学术
必应学术中相似的文章
[Hans Fehr]的文章
[Sabine Jokisch]的文章
[Laurence Kotlikoff]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w10512.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。