This paper implements a set of generational accounts to estimate the impact of immigration on the sustainability of the … tax-age profiles are reconstructed indirectly. According to our estimates immigration can only partly relieve the burden … intergenerational imbalance by only 6 percentage points. Interestingly, immigration appears to be more effective in this regard if the …

In this paper, we model an overlapping generation economy affected by an unexpected immigration shock and determine how … households may insure themselves against “immigration risk”. We use the model to study the impact of immigration on (i) the … mimics the efficient complete market allocation. We also consider the impact of immigration shocks in a small open economy …