Using a calibrated general equilibrium overlapping generations model, which explicity
accounts for differences between immigrants and natives, this paper investigates whether a …

In recent years, the renewed strength of immigration to the United States has sparked a
debate about the economic effects of immigration. A central issue in this debate has been …

This paper and its companion study, Fehr, Jokisch, and Kotlikoff (2004), develop a three-
region dynamic general equilibrium life-cycle model to analyze general and skill-specific …

Past research traditionally has adopted a static, cross-sectional approach in assessing the
net effect of immigrants on the economy's fiscal position. But this approach is inadequate, for …

Economic theory points out that immigration of even low-skilled immigrants may improve
public finances in Western welfare states, and it is sometimes suggested that fiscal …

This paper is concerned with the advanced economies. It begins with a discussion of the
demographic issues that have played such a large role in the debate on immigration. This is …

Population aging and rising health costs will cause dramatic increases in federal
expenditures some decades from now (Lee et al., 1999). Rising immigration to the United …

This paper investigates the impact of immigration on intertemporal public budgets. A
modified generational accounting framework is employed to compute the average net …

A reason why immigration policy is such a contended issue is that often immigrants end up
obtaining the right to vote and, hence, may affect future policies. This paper offers a dynamic …

This paper examines the economic effects of immigration using a neo-classical growth
model with overlapping dynasties. We demonstrate that in contrast to the predictions of the …