Ageing, migration and endogenous public pensions

• 成果类型: Article
• 署名作者: Leers, T; Meijdam, L; Verbon, HAA
• 署名单位: Tilburg University; Tilburg University
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(02)00132-9
• 发表日期: 2004
• 页码: 131-159
• 关键词: MIGRATION; Ageing; public pensions; overlapping generations; dynamic analysis

摘要

This paper analyses migration behaviour of mobile workers in reaction to population ageing. We show that the conventional wisdom that a decrease in fertility will lead to a rise in wages, and thus to an inflow of immigrants that mitigates the adverse effects of ageing on public pensions, may not hold if labour is heterogeneous. Moreover, we demonstrate that if public pensions are endogenous, i.e., if ageing leads the elderly to successfully lobby for higher taxes, it may take several generations before a steady-state is reached and the initial migration flow may be opposite to the steady-state migration. (C) 2002 Elsevier B.V All rights reserved.