Time preference, international migration, and social security
Time preference, international migration, and social security
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时间偏好、国际移民和社会保障
DOI:
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发表时间:
2000
期刊:
影响因子:
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通讯作者:
V. Meier
中科院分区:
文献类型:
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作者:
V. Meier
Abstract. This paper analyzes both the formation of long-run migration incentives and the consequences of a regime change from “autarky” to “free migration” in an overlapping-generations framework with two countries. Under autarky the countries may differ with respect to their aggregate savings rate or with respect to their pension-wage ratio. It is shown that an individual prefers to live in a country where the capital-labor ratio is close to the Golden Rule level and where his characteristics are relatively scarce. Both the migration incentives and the consequences of free migration are determined by these two effects.