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The United Kingdom allowed workers from the ten new European Union member countries immediate access to its labor market after the accession in 2004. This paper uses a general equilibrium framework to explore the dynamic adjustment of the UK economy to the postaccession surge in immigration....
Persistent link: https://www.econbiz.de/10005605180
This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace comparable to that in other advanced countries in Europe....
Persistent link: https://www.econbiz.de/10005264152
using a dynamic intertemporal general equilibrium four-country model containing demographics calibrated to the "medium …
Persistent link: https://www.econbiz.de/10005826038
Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where...
Persistent link: https://www.econbiz.de/10010790493
literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should …
Persistent link: https://www.econbiz.de/10011142029
-state migration. The results imply that a substantial fraction of the growth acceleration that India has experienced since the 1980s …
Persistent link: https://www.econbiz.de/10008876597
This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and … migration rates are particularly striking for the highskilled. Many countries have lost more than 70 percent of their labor … in 2002. Simple welfare calculations suggest that the losses due to high-skill migration (ceteris paribus) outweigh the …
Persistent link: https://www.econbiz.de/10005248304
This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS …
Persistent link: https://www.econbiz.de/10005825900
consequences of migration. The survey results are broadly consistent both with the findings from balance-of-payments data and with … the stylized facts in the labor migration literature. The paper also examines various indicators to assess the …
Persistent link: https://www.econbiz.de/10005768595
The demographic transition in the Eastern Caribbean Currency Union (ECCU) now underway is rapid compared with international experience, and emigration is playing a particularly large role. This paper describes and quantifies several factors which could magnify the challenge of pension reform....
Persistent link: https://www.econbiz.de/10005768869