Time preference, international migration, and social security
AbstractThis paper analyzes both the formation of long-run migration incentives and the consequences of a regime change from "autarky" to "free migration" in an overlapping-generations framework with two countries. Under autarky the countries may differ with respect to their aggregate savings rate or with respect to their pension-wage ratio. It is shown that an individual prefers to live in a country where the capital-labor ratio is close to the Golden Rule level and where his characteristics are relatively scarce. Both the migration incentives and the consequences of free migration are determined by these two effects.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 13 (2000)
Issue (Month): 1 ()
Note: Received: 2 March 1998/Accepted: 10 February 1999
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Find related papers by JEL classification:
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
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