Labor Migration: Macroeconomic and Demographic Outlook for Europe and Neighborhood Regions
AbstractIn this paper, we assess the demographic and economic consequences of migration in Europe and neighborhood countries using a multi-regions OLG model (INGENUE2). Our quantitative results shed some light on the long term consequences of migration on regions that are not at the same stage in the ageing process. Despite some improvement of their public pension system, it appears that a realistic migration scenario does not offset the effect of ageing in host regions; leaving room for pension reforms. The adverse economic consequences of emigration appear to be all the more important than the origin region is advanced in the ageing process. Finally, we consider and evaluate a policy of immigration in which the decline of the labor force in Western Europe is eschewed.
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Bibliographic InfoArticle provided by CEPII research center in its journal Economie Internationale.
Volume (Year): (2009)
Issue (Month): 119 ()
CGEM; migration; international capital flows; neighborhood policy;
Other versions of this item:
- Vladimir Borgy & Xavier Chojnicki, 2008. "Labor Migration: Macroeconomic and Demographic Outlook for Europe and Neighbourhood Regions," CASE Network Studies and Analyses 0359, CASE-Center for Social and Economic Research.
- Vladimir Borgy & Xavier Chojnicki, 2007. "Labor Migration: Macroeconomic and Demographic Outlook for Europe and Neighborhood Regions," Working Papers 2007-23, CEPII research center.
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
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