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来源类型Working Paper
规范类型报告
DOI10.3386/w12800
来源IDWorking Paper 12800
Immigration and the Survival of Social Security: A Political Economy Model
Edith Sand; Assaf Razin
发表日期2006-12-29
出版年2006
语种英语
摘要In the political debate people express the idea that immigrants are good because they can help pay for the old. The paper explores this idea in a dynamic political-economy setup. For this purpose we develop an OLG political economy model of social security and migration. We characterize sub-game perfect Markov equilibria where immigration policy and pay-as-you-go (PAYG) social security system are jointly determined through a majority voting process. The main feature of the model is that immigrants are desirable for the sustainability of the social security system because the political system is able to manipulate the ratio of old to young and thereby the coalition which supports future high social security benefits. We demonstrate that the older is the native born population the more likely is that the immigration policy is liberalized and the social security system survives.
主题International Economics ; International Factor Mobility ; Public Economics ; National Fiscal Issues
URLhttps://www.nber.org/papers/w12800
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/570463
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GB/T 7714
Edith Sand,Assaf Razin. Immigration and the Survival of Social Security: A Political Economy Model. 2006.
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