Fiskalische Effekte der Zuwanderung nach Deutschland : eine Generationenbilanz

The paper employs generational accounting to analyze the intertemporal fiscal impact of immigration to Germany. Generational accounts for native and alien residents are distinguished to assess what might be the lifetime net tax payments of prospective immigrants after arrival. Supposed future immigrants resemble the current migrant population in Germany, the fiscal externality on the incumbent population due to immigration is found positive and large. Further, immigration probably reduces generational redistribution through demographic aging even if migrants assimilate slowly fiscally. However, while selective immigration policy could raise the average migrant surplus to the intertemporal government budget, it cannot restore fiscal sustainability.