Migration and pension.
"Migration has important implications for the financial soundness of the pension system.... While it is common sense to expect that young migrants, even if low-skilled, can help society pay the benefits to the currently elderly, it may nevertheless be reasonable to argue that these migrants would adversely affect current young since, after all, the migrants are net beneficiaries of the welfare state. In contrast to the adverse effects of low skilled migration in a static model, [the authors] show that in a Samuelsonian overlapping generations model...migration is a Pareto-improving measure. All the existing income (low and high) and age (young and old) groups living at the time of the migrant's arrival would be better off."
A
A
Razin
E
E
Sadka
D003710:Demography; D004467:Economics; D004641:Emigration and Immigration; D004651:Employment; D005376:Financial Management; D005380:Financing, Government; D009826:Old Age Assistance; D011153:Population; D011157:Population Dynamics; D012179:Retirement; D012923:Social Class; D012943:Social Security; D012959:Socioeconomic Factors; D014171:Transients and Migrants
Demographic Factors; Economic Conditions; Economic Factors; Employment Status; Financial Activities; Financing, Government; Macroeconomic Factors; Microeconomic Factors; Migrants; Migration; Old Age Security; Population; Population Dynamics; Retirement; Social Security; Socioeconomic Factors; Socioeconomic Status; World