The Impact of Possible Migration Scenarios after ‘Brexit’ on the State Pension System

Angus Armstrong and Justin van de Ven
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Angus Armstrong: National Institute of Economic and Social Research (NIESR), 2 Dean Trench Street, Smith Square, London SW1P 3 HE, UK

Economies, 2016, vol. 4, issue 4, 1-13

Abstract: The purpose of this paper is to explore the impacts of changes in migration flows—in particular, those resulting from possible migration policy changes after a UK exit (‘Brexit’) from the European Union (EU)—on the finances of the UK state pension system. We find that the aggregate effects of considered shocks to immigration associated with Brexit on the funding of UK state pensions are dwarfed by associated uncertainties, and by coincident cost increases due to population aging and (domestic) pension’s policy.

Keywords: migration; Brexit; state pension; fiscal effects (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:4:y:2016:i:4:p:23-:d:81308

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