Aging, Trade, and Migration
This study considers the role of demand-driven changes arising from population aging and how they affect the pattern of international trade as well as trade and immigration policy. An aging society can see a welfare-reducing reduction in its share...
Main Authors: | , , |
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Format: | Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2016
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2016/06/26543429/aging-trade-migration http://hdl.handle.net/10986/24657 |
Summary: | This study considers the role of
demand-driven changes arising from population aging and how
they affect the pattern of international trade as well as
trade and immigration policy. An aging society can see a
welfare-reducing reduction in its share of manufacturing
output and this reduction is magnified by a decrease in
trade costs (an increase in globalization). Immigration can
ameliorate this outcome if it is directed toward younger
immigrants. A unilateral tariff increase can also reduce
firm delocation from an aging country, however, a
reciprocated tariff increase will unambiguously harm the
country with the older average population. |
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