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.
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- Kjetil Storesletten, 2000.
"Sustaining Fiscal Policy through Immigration,"
Journal of Political Economy,
University of Chicago Press, vol. 108(2), pages 300-323, April.
- Kjetil Storesletten, "undated". "Sustaining Fiscal Policy Through Immigration," Homapage Papers _005, Stockholm University, Institute for International Economic Studies.
- Storesletten, Kjetil, 1998. "Sustaining Fiscal Policy Through Immigration," Seminar Papers 664, Stockholm University, Institute for International Economic Studies.
- Denton, Frank T & Spencer, Byron G, 1974. "Some Aspects of Economic Adjustments through Migration Flows," Economic Journal, Royal Economic Society, vol. 84(336), pages 868-885, December.
- 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.
- 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.
- Thomas Espenshade & Leon Bouvier & W. Arthur, 1982. "Immigration and the stable population model," Demography, Springer;Population Association of America (PAA), vol. 19(1), pages 125-133, February.
- S. Mitra, 1990. "Immigration, below-replacement fertility, and long-term national population trends," Demography, Springer;Population Association of America (PAA), vol. 27(1), pages 121-129, February.
- S. Mitra, 1983. "Generalization of the immigration and the stable population model," Demography, Springer;Population Association of America (PAA), vol. 20(1), pages 111-115, February.
- 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 356-375, Part I, M. Full references (including those not matched with items on IDEAS)
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