Labor Migration: Macroeconomic and Demographic Outlook for Europe and Neighborhood Regions

Vladimir Borgy and Xavier Chojnicki

Economie Internationale, 2009, issue 119, 115-153

Abstract: In this paper, we assess the demographic and economic consequences of migration in Europe and neighborhood countries using a multi-regions OLG model (INGENUE2). Our quantitative results shed some light on the long term consequences of migration on regions that are not at the same stage in the ageing process. Despite some improvement of their public pension system, it appears that a realistic migration scenario does not offset the effect of ageing in host regions; leaving room for pension reforms. The adverse economic consequences of emigration appear to be all the more important than the origin region is advanced in the ageing process. Finally, we consider and evaluate a policy of immigration in which the decline of the labor force in Western Europe is eschewed.

Keywords: CGEM; migration; international capital flows; neighborhood policy (search for similar items in EconPapers)
JEL-codes: C68 F21 H55 J61 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Labor Migration: Macroeconomic and Demographic Outlook for Europe and Neighbourhood Regions (2008)
Working Paper: Labor Migration: Macroeconomic and Demographic Outlook for Europe and Neighborhood Regions (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:cii:cepiei:2009-3te

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