, nevertheless, is restricted by migration of the young generations. This connection between political voting on intergenerational … case in which the young generations migration decision takes its effect on future pensions into account (strategic … migration) and the case in which it only reflects differentials in labor income (myopic migration). The paper also pays …

margin. The skill distribution is continuous, and, for each skill level, the distribution of migration cost is also … migration is decreasing in the skill level. When the semi-elasticity of migration is increasing in the skill level, either … negative. Numerical simulations are calibrated using plausible values of the semi-elasticity of migration for top income …

migration costs, which are continuously distributed. We derive the optimal marginal income tax rates at the equilibrium … semi-elasticity of migration on which we lack empirical evidence are crucial to derive the shape of optimal marginal income …