Immigration as a Policy Instrument in an Economy with an Aging Population: A Longer-Run Perspective

Frank T. Denton and Byron Spencer

Department of Economics Working Papers from McMaster University

Abstract: Population aging is a problem common to many countries: an increasing proportion of retired people, a decreasing proportion of working age, and resultant downward pressure on national product per capita. We explore longer-run aspects of immigration as a policy instrument in this context. We consider, by simulation, the importance of immigrant age distribution, proportion of child immigrants, productivity growth as an offset to aging, possible higher fertility, increased life expectancy, and greater labour force participation among older people. Our laboratory for exploration is a mythical country Alpha with a simple economy and realistic characteristics of an aging population.

Pages: 37 pages
Date: 2014-10
New Economics Papers: this item is included in nep-age, nep-dem and nep-mig
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Persistent link: https://EconPapers.repec.org/RePEc:mcm:deptwp:2014-14

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