Modelling an Immigration Shock

Boldrin, Michelle; Montes, Ana

Publication:
Modelling an Immigration Shock

dc.contributor.author	Boldrin, Michelle
dc.contributor.author	Montes, Ana
dc.contributor.department	Fundamentos del Análisis Económico
dc.date.accessioned	2013-11-04T17:29:26Z
dc.date.available	2013-11-04T17:29:26Z
dc.date.created	2013-10
dc.date.issued	2013-11-04
dc.description.abstract	In this paper we model an overlapping generation economy affected by an unexpected immigration shock and figure out how household would insure against "immigration risk" efficiently. We use the model to study the impact of immigration in (i) the welfare of different generations (ii) the distributions of income among factors of production (iii) the optimal design of the interegenartional welfare state. In particular we construct a system of public education and public pensions that mimics the efficient complete market allocation. We also show the impact of immigration shock in a small open economy.In this case the external capital flows can act as sbustitutes for the miising private insurance markets.Our analysis delivers a set of predictions that we find useful to understand some aspects of the Spanish experience between 1996 and 20007.	es
dc.format	application/pdf	es
dc.format.extent	31	es
dc.identifier.uri	http://hdl.handle.net/10201/36663
dc.language	eng	es
dc.relation.ispartof	Proyecto de investigación:	es
dc.relation.ispartofseries	WP-UMUFAE	es
dc.relation.ispartofseries	2013-01	es
dc.rights	info:eu-repo/semantics/openAccess	es
dc.subject	Seguridad social	es
dc.subject	Capital humano	es
dc.subject	Modelos de generaciones solapadas	es
dc.subject	Risk sharing	es
dc.subject	Inmigración	es
dc.subject.other	33 - Economía	es
dc.title	Modelling an Immigration Shock	es
dc.type	info:eu-repo/semantics/workingPaper	es
dspace.entity.type	Publication	es