Razin, Asaf; Schwemmer, Alexander H. - National Bureau of Economic Research - 2021
-related welfare state policy entails both fiscal issues and migration issues. The paper employs a general-equilibrium model with a …, capital income taxation, migration curbs on low skilled and high skilled, driven by the ageing of the population. Greater … generosity of the welfare state comes together with policy of a more liberal migration policy -- incentive compatible with the …