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Optimal Immigration Policy: When The Public Good Is Rival

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  • STEFANO BOSI
  • ELENI ILIOPULOS
  • HUBERT JAYET

Abstract

In this model, we characterize optimal immigration and fiscal policies in presence of a rival public good and heterogeneous discounting. Surprisingly, even if the government is benevolent towards natives only, it is optimal to keep borders open. Indeed, in the long run, patient natives hold the whole stock of capital, while impatient immigrants work. Moreover, since capital intensity is stationary, capital per native, consumption and the public good increase with the number of (immigrant) workers. This positive effect offsets the disutility deriving from the congestion of the public good. Howevern when we account for the costs associated to cultural heterogeneity, we find that it is optimal to regulate immigration inflows. We also interpret the long-run sensitivity of the optimal policy mix with respect to the fundamentals.

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File URL: http://hdl.handle.net/10.1111/j.1468-5876.2011.00535.x
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Bibliographic Info

Article provided by Japanese Economic Association in its journal Japanese Economic Review.

Volume (Year): 62 (2011)
Issue (Month): 4 (December)
Pages: 460-484

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Handle: RePEc:bla:jecrev:v:62:y:2011:i:4:p:460-484

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  1. Cuong Le Van & Yiannis Vailakis, 2003. "Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment," Economic Theory, Springer, vol. 22(4), pages 743-771, November.
  2. Kevin H. O'Rourke & Richard Sinnott, 2004. "The Determinants of Individual Attitudes Towards Immigration," Trinity Economics Papers 20042, Trinity College Dublin, Department of Economics.
  3. Cuong Le Van & Manh-Hung Nguyen & Yiannis Vailakis, 2005. "Equilibrium dynamics in an aggregative model of capital accumulation with heterogeneous agents and elastic labor," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00197560, HAL.
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