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Public Finance in an Era of Global Demographic Change: Fertility Busts, Migration Booms, and Public Policy Author info | Abstract | Publisher info | Download info | Related research | Statistics David Wildasin () (Martin School of Public Policy and Administration and Department of Economics, University of Kentucky)
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The rich countries of the world, especially those of Western Europe, are aging rapidly due to fertility rates far below the replacement rate, while experiencing substantial immigration from elsewhere in Europe, North Africa, and the third world generally. For the foreseeable future, West European countries will confront a policy tradeoff between population aging and (im)migration. The literature shows that both skilled and unskilled workers affect the highly redistributive fiscal systems of the advanced economies, the first as net contributors, the second as net beneficiaries. Age-imbalanced population structures in rich countries and global competition for labor create incentives to limit the extent of redistribution in rich countries.
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Paper provided by University of Kentucky, Institute for Federalism and Intergovernmental Relations in its series Working Papers with number
2008-02.
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Length: 45 pages
Date of creation: Jan 2008Date of revision:
Handle: RePEc:ifr:wpaper:2008-02Contact details of provider: Postal: Lexington, KY 40506-0027 Phone: (859) 257-5741 Fax: (859) 323-1937 Web page: http://www.ifigr.org/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (David E. Wildasin).
Keywords: Aging ; Public Pensions ; Migration ; Fiscal Adjustment ; Other versions of this item:
Find related papers by JEL classification: H0 - Public Economics - - General F2 - International Economics - - International Factor Movements and International Business J61 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Geographic Labor Mobility; Immigrant Workers
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David E. Wildasin, 2005.
"Global Competition for Mobile Resources: Implications for Equity, Efficiency, and Political Economy ,"
Working Papers
2005-08, University of Kentucky, Institute for Federalism and Intergovernmental Relations.
[Downloadable!]
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