Public pensions and international migration: some clarifications and illustrative results
AbstractImmigration is often thought of as a measure suited to mitigate the fiscal consequences of demographic ageing for unfunded public pension schemes. Building on Sinn (1997), the paper explores in some more detail the conditions under which immigrants are a net fiscal asset for national pension budgets not only on a temporary basis i.e., as long as they are paying contributions and before they start drawing benefits but also in the long run. Illustrative simulations are provided for the cases of Germany, Italy, the UK, and the US. It turns out that the value of immigrants depends on the nature of the pension scheme (Bismarck vs Beveridge). Also, it is strongly affected by the immigrants characteristics in terms of skills and fertility. Furthermore, effects differ substantially for the cases of temporary vs permanent migration.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Cambridge University Press in its journal Journal of Pension Economics and Finance.
Volume (Year): 4 (2005)
Issue (Month): 02 (July)
Contact details of provider:
Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Fax: +44 (0)1223 325150
Web page: http://journals.cambridge.org/jid_PEFProvider-Email:email@example.com
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Wido Geis & Silke Uebelmesser & Martin Werding, 2008.
"How do Migrants Choose their Destination Country? An Analysis of Institutional Determinants,"
CESifo Working Paper Series
2506, CESifo Group Munich.
- Wido Geis & Silke Uebelmesser & Martin Werding, 2013. "How do Migrants Choose Their Destination Country? An Analysis of Institutional Determinants," Review of International Economics, Wiley Blackwell, vol. 21(5), pages 825-840, November.
- Werding, Martin & McLennan, Stuart, 2011. "International portability of health-cost coverage : concepts and experience," Social Protection Discussion Papers 63929, The World Bank.
- Volker Meier & Martin Werding, 2010.
"Ageing and the Welfare State: Securing Sustainability,"
CESifo Working Paper Series
2916, CESifo Group Munich.
- Volker Meier & Martin Werding, 2010. "Ageing and the welfare state: securing sustainability," Oxford Review of Economic Policy, Oxford University Press, vol. 26(4), pages 655-673, Winter.
- Meier, Volker & Werding, Martin, 2010. "Ageing and the welfare state: Securing sustainability," Munich Reprints in Economics 19194, University of Munich, Department of Economics.
- Mariangela Bonasia & Rita De Siano, 2012. "Population Dynamics and Regional Social Security Sustainability in Italy," Discussion Papers 14_2012, CRISEI, University of Naples "Parthenope", Italy.
- Martin Werding & Stuart McLennan, 2012. "International Portability of Health-Cost Cover: Mobility, Insurance, and Redistribution," CESifo Working Paper Series 3952, CESifo Group Munich.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.