Series: IMF Working Papers
Author(s): Efraim Sadka , and Assaf Razin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1998
Keywords: Low Skilled Migrants, Pay-As-You-Go Pension, Heterogenous Population, Overlapping Generations, migration, pension, pension system, pension benefit, retirement
Migrants, being relatively low earners, are net beneficiaries of the welfare state. However, this paper uses a dynamic model to show that because of migrants’ positive influence on the pension system, which...