Pension Reform, Factor Mobility and Trade with Country-Specific Goods

Fedotenkov, Igor

doi:10.1007/s10645-014-9233-9

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“…Breyer and Kolmar (2002) [3] explore the need for co-ordination between fiscally autonomous regions that permit free movement of labour. 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.…”

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confidence: 99%

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

Armstrong

Ven

2016

Economies

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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.

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