Razin, Assaf; Sand, Edith - C.E.P.R. Discussion Papers - 2007
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 … social security benefits. We demonstrate that the older is the native born population the more likely is that the immigration …