Showing 1 - 10 of 751
Natives benefit from immigration mainly because of production complementarities between immigrant workers and other factors of production, and these benefits are larger when immigrants are sufficiently `different' from the stock of native productive inputs. The available evidence suggests that...
Persistent link: https://www.econbiz.de/10012473944
A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with different population levels. Such a criterion is essential to resolve the optimal population problem, i.e., the tradeoff between population size and the welfare of each person...
Persistent link: https://www.econbiz.de/10012496107
We use census data for the US, Canada, Spain, and UK to estimate bilateral migration rates to these countries from 25 Latin American and Caribbean nations over the period 1980 to 2005. Latin American migration to the US is responsive to labor supply shocks, as predicted by earlier changes in...
Persistent link: https://www.econbiz.de/10012462186
The ageing of the population presents a major fiscal challenge for the countries of Europe. The combination of increased longevity and a reduced birth rate will directly reduce the growth rates of the European economies by slowing the growth of the capital stock and by weakening the productivity...
Persistent link: https://www.econbiz.de/10012465924
This paper reviews the extent and policy implications of linkages between demographic changes and international factor mobility. Evidence is found of significant demographic effects on both migration and the current account, but for different reasons neither increased migration nor international...
Persistent link: https://www.econbiz.de/10012467742
This paper and its companion study, Fehr, Jokisch, and Kotlikoff (2004), develop a three-region dynamic general equilibrium life-cycle model to analyze general and skill-specific immigration policy during the demographic transition. The three regions are the U.S., Japan, and the EU. Immigration...
Persistent link: https://www.econbiz.de/10012468181
If we have learned anything from the recent outpouring of empirical growth equations is that life is far too complex to expect unconditional' convergence among all countries and at" all times. This fact motivates two questions. First, why has it taken economists so long to learn" the same lesson...
Persistent link: https://www.econbiz.de/10012472568
Empirical evidence suggests that individuals often evaluate options relative to a reference point, especially seeking to avoid losses. We undertake the first welfare analysis under reference-dependent preferences. We characterize the welfare impact of changes in reference points and prices,...
Persistent link: https://www.econbiz.de/10014322769
endowed with individual accounts equals the gross contributions" of this member. In Germany, this is an amount of about DM 175 …
Persistent link: https://www.econbiz.de/10012472582
2060 and contrast these projections with projections for Germany to assess differential effects on outcomes The projections …Both the US and Germany are expected to undergo demographic aging, but their demographic fundamentals differ starkly … 2020 and 2060, while Germany will experience a decline by 10.7 percent (4.4 million workers). In these baseline projections …
Persistent link: https://www.econbiz.de/10012794562