Social Security Policy and International Labor and Capital Mobility
Social Security Policy and International Labor and Capital Mobility
复制标题
社会保障政策与国际劳动力和资本流动
DOI:
10.1111/1467-9396.00113
复制
发表时间:
1998
影响因子:
1
通讯作者:
Doris Geide
中科院分区:
文献类型:
--
作者:
Doris Geide
This paper studies the connection between social security policy and international factor movements within a two-country overlapping-generations model with production. Incentives for factor movements emerge because one country relies on private savings while the other country operates a social security system. The pattern of migration depends on the steady-state capital-labor ratios compared with the Golden Rule capital-labor ratios. Incentives to migrate do not vanish in the long run and one country might empty out. Capital always moves to the social-security country. Without compensation neither labor nor capital mobility represents a Pareto improvement for the economy. Copyright 1998 by Blackwell Publishing Ltd.