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Title:Global aging and fiscal policy with international labor mobility: a political economy perspective PDF Logo
Authors:Tosun, Mehmet Serkan
Issue Date:2009
Series/Report no.:IZA discussion papers 4166
Abstract:This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and labor-sending countries. Numerical simulations show that the developed region benefits more from international labor mobility through the contribution of migrant workers as laborers, savers, and voters. The developing region experiences significant growth in all specifications but benefit more under international capital mobility. Restricting political participation of migrant workers in the developed region produces inferior growth results.
Subjects:Population aging
overlapping generations
endogenous fiscal policy
international labor mobility
international capital mobility
JEL:E62
F21
F22
F43
H30
J10
Persistent Identifier of the first edition:urn:nbn:de:101:1-20090605232
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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