Migration-regime liberalization and social security

Description

"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"--National Bureau of Economic Research web site.

Subjects

Series Statement

• NBER working paper series -- working paper 15013
• Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15013.

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