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Migration and the Welfare StatePolitical-Economy Policy Formation$
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Assaf Razin, Efraim Sadka, and Benjarong Suwankiri

Print publication date: 2011

Print ISBN-13: 9780262016100

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262016100.001.0001

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Migration and Intergenerational Distribution Policy

Migration and Intergenerational Distribution Policy

Chapter:
(p.67) 5 Migration and Intergenerational Distribution Policy
Source:
Migration and the Welfare State
Author(s):

Assaf Razin

Efraim Sadka

Benjarong Suwankiri

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262016100.003.0005

This chapter combines the political economy of the pay-as-you-go (PAYG) social security systems and the political economy of migration to examine the interplay of migration and intergenerational distribution policy. The analysis is based on interactions between political and economic decisions under an analytical framework. To simplify matters, the analysis assumes that factor prices are externally fixed. It reveals that factor prices can rise as an equilibrium outcome through international capital movement and constant returns-to-scale production technology. The analysis assumes that migrants contribute to or benefit from such a social security system in the same manner as the native-born workforce, and also assumes that the social security system is the PAYG type, where benefits are equal to contributions.

Keywords:   economic decisions, analytical framework, equilibrium

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