The effect of net immigration on economic growth in an ageing economy: transitory and permanent shocks

Muysken, Joan and Ziesemer, Thomas (2011). The effect of net immigration on economic growth in an ageing economy: transitory and permanent shocks. UNU-MERIT.

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  • Author Muysken, Joan
    Ziesemer, Thomas
    Title The effect of net immigration on economic growth in an ageing economy: transitory and permanent shocks
    Publication Date 2011
    Publisher UNU-MERIT
    Abstract This paper argues that immigration can help to alleviate the burden ageing presents for the welfare states of most Western Economies. We develop a macroeconomic framework which deals with the impact of both ageing and immigration on economic growth. This is combined with a detailed model of the labour market, to include the interaction with low-skilled unemployment. The empirical relevance of some crucial model assumptions is shown to hold for the Netherlands, 1973 - 2009, using a vector-error-correction model. The conclusions from the analysis of transitory and permanent shocks are that immigration will help to alleviate the ageing problem in the long run, as long as the immigrants will be able to participate in the labour force at least as much as the native population. Moreover, the better educated the immigrants are or become, the higher their contribution to growth will be. JEL-codes: E24 F22 O15 O52
    Keyword Ageing
    Immigration
    Unemployment
    Skills
    Copyright Holder UNU-MERIT
    Copyright Year 2011
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    Created: Wed, 11 Dec 2013, 17:00:06 JST