Showing 1 - 10 of 27
This paper develops a dynamic, life-cycle, general equilibrium model to study the interdependent demographic, fiscal, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period of rapid and significant aging requiring major fiscal...
Persistent link: https://www.econbiz.de/10012767513
This study examines the occupational mobility of antebellum immigrants as they entered the U.S. White collar, skilled …, and semi-skilled immigrants left unskilled jobs more rapidly after arrival than farmers and unskilled workers. British and … German immigrants fared better than the Irish; literate immigrants in rapidly growing counties and places with many …
Persistent link: https://www.econbiz.de/10013210619
This paper tests the differential effects of the generosity of the welfare state under free migration and under policy …-country policy regimes in the effects of returns to skills on the skill mix of immigrants …
Persistent link: https://www.econbiz.de/10013129125
In this paper we analyze the effect of immigrants on native jobs in fourteen Western European countries. We test … whether the inflow of immigrants in the period 1996-2007 decreased employment rates and/or if it altered the occupational …: immigrants took "simple" (manual-routine) type of occupations and natives moved, in response, toward more "complex" (abstract …
Persistent link: https://www.econbiz.de/10013123669
inflows of highly educated immigrants were associated with a change in the vote of citizens away from nationalism. However the … inflow of less educated immigrants was positively associated with a vote shift towards nationalist positions. These effects … were stronger for non-tertiary educated voters and in response to non-European immigrants. We also show that they are …
Persistent link: https://www.econbiz.de/10012910650
immigrants at the regional level, we find that native respondents display lower support for redistribution when the share of … immigrants in their residence region is higher. This negative association is driven by regions of countries with relatively large … Welfare States and by respondents at the center or at the right of the political spectrum. The effects are also stronger when …
Persistent link: https://www.econbiz.de/10012892564
The paper analyzes the effect of the generosity of the welfare state on the skill composition of immigrants. We develop … composition of immigrants under free migration is negative. The reason is that welfare state benefits attract unskilled migrants … a parsimonious model in which the effect of an increase in the generosity (and taxes) of the welfare state on the skill …
Persistent link: https://www.econbiz.de/10012758239
Skilled migrants typically contribute to the welfare state more than they draw in benefits from it. The opposite holds … for unskilled migrants. This suggests that a host country is likely to boost (respectively, curtail) its welfare system … arise because the skill composition of migration is itself affected by the generosity of the welfare state …
Persistent link: https://www.econbiz.de/10012764835
This paper estimates, using data from the United States and Euro Area, a two-country stochastic growth model in which both neutral and investment-specific technology shocks are nonstationary but cointegrated across economies. The results point to large and persistent swings in productivity, both...
Persistent link: https://www.econbiz.de/10013131508
Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient, with both higher inflation and output variability. This is...
Persistent link: https://www.econbiz.de/10013137167