Ageing, migration and endogenous public pensions

Public pensions and return migration

“…A similar argument can be made if immigrants or their children have a low labor productivity (Lacomba and Lagos 2004;Krieger 2004) or if trade unions are involved (Kemnitz 2003). Leers et al (2004) point out that the positive effects of immigration occur only in the long run, so in the short run immigration may be rejected.…”

Life-cycle effects of social security in an open economy: A theoretical and empirical survey

“…Second, provided the elderly are successful in having contribution rates increased rather than their pensions curtailed, high-wage earners are predicted to go elsewhere (Leers et al, 2003).…”

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

“…Intertemporal dynamics of welfare migration are studied using simulation methods by 1 Geide- Stevenson and Ho (2004) [4], and Fedotenkov (2014) [5] explores associated implications of pension funding (pay-as-you-go or funded). Leers et al (2003) [6] consider interactions between fertility, wages and migration in a context where the value of pensions is determined by voter preferences. Their analysis reveals that the simple narrative-whereby a fall in fertility delivers higher wage growth, encouraging inward migration that off-sets upward pressure on the old-age-dependency ratio-can be overturned if the elderly successfully lobby for a rise in pensions paid for by taxes on labour.…”