English, Article, Journal or magazine article edition: Migration-Regime Liberalization and Social Security: Political-Economy Effect Assaf Razin; Edith Sand

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Bookmark: http://trove.nla.gov.au/version/147704
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Migration-Regime Liberalization and Social Security: Political-Economy Effect
Author
  • Assaf Razin
  • Edith Sand
Physical Description
  • preprint
Notes
  • The pay-as-you-go social security system, which suffers from dwindling labor force, can benefit from immigrants with birth rates that exceed the native-born birth rates in the host country. Thus, a social security system provides effectively an incentive to liberalize migration policy. The paper examines a political- economy, inter-generational, mechanism through which the social security system influences voter attitudes in favor of more liberal immigration regime. We demonstrate that the Markov equilibrium, with social security, consists of more liberal migration policies, than the corresponding Markov equilibrium with no social security.
  • RePEc:ces:ceswps:_2653
  • The pay-as-you-go social security system, increasingly burdened by dwindling labor force, can benefit from immigrants whose birth rates exceed those of the native born birth. The paper examines adynamic political-economy mechanism through which the social security system influences the young decisive voter's attitudes in favor of a more liberal immigration regime. A Markov equilibrium with social security consists of a more liberal migration policy, than a corresponding equilibrium with no social security. Thus, the social security system effectively provides an incentive to liberalize migration policy through a political-economy mechanism.
  • RePEc:nbr:nberwo:15013
Language
  • English
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