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This paper presents examination of how a pension policy affects income growth and the inflation rate in a utility model. Even if the contribution rate of pension increases because of an aging society, an aging society increases income growth and the inflation rate. Moreover, this paper presents...
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of an aging population and a declining working age population, hence highlighting the pertinence of immigration as a … the pertinence of immigration as a possible solution. …
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An immigration shock has an ambiguous effect on inflation. On one hand, aggregate consumption increases with a suddenly …. The response of an inflation-targeting central bank to an immigration shock is, therefore, not obvious. We study these … country that has experienced a substantial immigration flow in recent years …
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