Population Aging and the Macroeconomy: Explorations in the Use of Immigration as an Instrument of Control
Simulation methods are employed to explore the effects of immigration as a control instrument to offset the economic and demographic consequences of low fertility rates and aging population distribution. A neoclassical economic growth model is coupled with a demographic projection model. The combined model is calibrated and used in a series of experiments. The experiments are designed to generate the time paths of a hypothetical but realistic economic-demographic system under alternative assumptions about immigration policy. The government seeks to optimize policy results in the model, according to a specified criterion function. The model is calibrated with Canadian data but some experiments are carried out using initial populations and fertility rates of other countries.
|Date of creation:||Oct 2005|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (905) 525-9140 ext. 22765
Fax: (905) 521-8232
Web page: http://www.mcmaster.ca/economics/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- S. Mitra, 1990. "Immigration, below-replacement fertility, and long-term national population trends," Demography, Springer, vol. 27(1), pages 121-129, February.
- Storesletten, Kjetil, 1998.
"Sustaining Fiscal Policy Through Immigration,"
664, Stockholm University, Institute for International Economic Studies.
- Denton, Frank T & Spencer, Byron G, 1973. "A Simulation Analysis of the Effects of Population Change on a Neoclassical Economy," Journal of Political Economy, University of Chicago Press, vol. 81(2), pages 356-75, Part I, M.
- Carl Schmertmann, 2012. "Stationary populations with below-replacement fertility," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 26(14), pages 319-330, April.
- S. Mitra, 1983. "Generalization of the immigration and the stable population model," Demography, Springer, vol. 20(1), pages 111-115, February.
- Thomas Espenshade & Leon Bouvier & W. Arthur, 1982. "Immigration and the stable population model," Demography, Springer, vol. 19(1), pages 125-133, February.
- Denton, Frank T & Spencer, Byron G, 1974. "Some Aspects of Economic Adjustments through Migration Flows," Economic Journal, Royal Economic Society, vol. 84(336), pages 868-85, December.
- Zheng Wu & Nan Li, 2003. "Immigration and the dependency ratio of a host population," Mathematical Population Studies, Taylor & Francis Journals, vol. 10(1), pages 21-39.
When requesting a correction, please mention this item's handle: RePEc:mcm:qseprr:398. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.