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...

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Main Authors:	Chisik, Richard, Onder, Harun, Qirjo, Dhimitri
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	GROWTH RATES TOTAL REVENUE IMMIGRANT SUBSTITUTION ECONOMIC GROWTH DEMAND FUNCTIONS INCOME EXCHANGE LABOR FORCE DOMESTIC MARKET ELASTICITY HEALTH CARE IMMIGRANTS POLITICAL ECONOMY PRICE INDICES MARKET SIZE WELFARE MARKET SHARES POLICY DISCUSSIONS PRICING CHILD REARING HOME MARKET MARGINAL PRODUCTIVITY PRICE PRODUCT QUALITY SAVING POPULATION SIZE INTERNATIONAL BANK BUDGET ADVERTISING DEMAND ANALYSIS FOREIGN TRADE SAVINGS COSTS PER CAPITA INCOME FOREIGN MARKET POPULATION GROWTH PRODUCTS EXTERNALITIES GLOBALIZATION FERTILITY RATE MIGRATION MARKETS ECONOMICS LITERATURE TRADE POLICY PRODUCT ELASTICITY OF SUBSTITUTION INFORMATION PROCESSING UTILITY FINANCE ELDERLY RESPECT PROGRESS EXPENDITURE UNEMPLOYMENT DEMOGRAPHIC TRANSITION CONSUMPTION MIGRANT VALUE ADDED OLDER PEOPLE SUBSTITUTE WAGES POLICIES INTERNATIONAL TRADE HOME COUNTRY IMMIGRATION POLICY FAIRS POLICY RESEARCH WORKING PAPER VALUE POPULATION GROWTH RATES CHANGES IN POPULATION SIZE MACROECONOMICS WORLD ECONOMY DEMOGRAPHIC CHANGE DEMAND UTILITY FUNCTION AGGREGATE DEMAND CHANGES IN FERTILITY EXPENDITURES CONSUMERS EQUATIONS EDUCATIONAL SERVICES POPULATION RESEARCH SHARES MARKET ECONOMIC MODELS POLICY SOCIAL WELFARE CITIZENS OUTPUT INSURANCE TRADE AGING COUNTRY GOODS THEORY CITIZENSHIP MARKET SHARE ECONOMIES OF SCALE GROWTH RATE POPULATION AGEING WARS BILATERAL TRADE WAR NATURAL RESOURCE WORLD POPULATION SHARE COMPARATIVE ADVANTAGE TARIFF IMMIGRATION SUPPLY MARKET DEMAND POLICY IMPLICATIONS YOUNG PEOPLE REVENUE POPULATION LABOR SUPPLY EQUILIBRIUM PRICES MONOPOLISTIC COMPETITION WORLD TRADE POLICY RESEARCH FERTILITY DEMOGRAPHIC PRICE INDEX CONSUMPTION LEVELS OUTCOMES MARGINAL PROPENSITY TO CONSUME POPULATION INCREASES DEMAND FOR SERVICES PRICES DEVELOPMENT POLICY POPULATION DYNAMICS COMPETITION
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26543429/aging-trade-migration http://hdl.handle.net/10986/24657

id	okr-10986-24657
recordtype	oai_dc
spelling	okr-10986-246572021-04-23T14:04:23Z Aging, Trade, and Migration Chisik, Richard Onder, Harun Qirjo, Dhimitri GROWTH RATES TOTAL REVENUE IMMIGRANT SUBSTITUTION ECONOMIC GROWTH DEMAND FUNCTIONS INCOME EXCHANGE LABOR FORCE DOMESTIC MARKET ELASTICITY HEALTH CARE IMMIGRANTS POLITICAL ECONOMY PRICE INDICES MARKET SIZE WELFARE MARKET SHARES POLICY DISCUSSIONS PRICING CHILD REARING HOME MARKET MARGINAL PRODUCTIVITY PRICE PRODUCT QUALITY SAVING POPULATION SIZE INTERNATIONAL BANK BUDGET ADVERTISING DEMAND ANALYSIS FOREIGN TRADE SAVINGS COSTS PER CAPITA INCOME FOREIGN MARKET POPULATION GROWTH PRODUCTS EXTERNALITIES GLOBALIZATION FERTILITY RATE MIGRATION MARKETS ECONOMICS LITERATURE TRADE POLICY PRODUCT ELASTICITY OF SUBSTITUTION INFORMATION PROCESSING UTILITY FINANCE ELDERLY RESPECT PROGRESS EXPENDITURE UNEMPLOYMENT DEMOGRAPHIC TRANSITION CONSUMPTION MIGRANT VALUE ADDED OLDER PEOPLE SUBSTITUTE WAGES POLICIES INTERNATIONAL TRADE HOME COUNTRY IMMIGRATION POLICY FAIRS POLICY RESEARCH WORKING PAPER VALUE POPULATION GROWTH RATES CHANGES IN POPULATION SIZE MACROECONOMICS WORLD ECONOMY DEMOGRAPHIC CHANGE DEMAND UTILITY FUNCTION AGGREGATE DEMAND CHANGES IN FERTILITY EXPENDITURES CONSUMERS EQUATIONS EDUCATIONAL SERVICES POPULATION RESEARCH SHARES MARKET ECONOMIC MODELS POLICY SOCIAL WELFARE CITIZENS OUTPUT INSURANCE TRADE AGING COUNTRY GOODS THEORY CITIZENSHIP MARKET SHARE ECONOMIES OF SCALE GROWTH RATE POPULATION AGEING WARS BILATERAL TRADE WAR NATURAL RESOURCE WORLD POPULATION SHARE COMPARATIVE ADVANTAGE TARIFF IMMIGRATION SUPPLY MARKET DEMAND POLICY IMPLICATIONS YOUNG PEOPLE REVENUE POPULATION LABOR SUPPLY EQUILIBRIUM PRICES MONOPOLISTIC COMPETITION WORLD TRADE POLICY RESEARCH FERTILITY DEMOGRAPHIC PRICE INDEX CONSUMPTION LEVELS OUTCOMES MARGINAL PROPENSITY TO CONSUME POPULATION INCREASES DEMAND FOR SERVICES PRICES DEVELOPMENT POLICY POPULATION DYNAMICS COMPETITION 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. 2016-07-11T15:52:46Z 2016-07-11T15:52:46Z 2016-06 Working Paper http://documents.worldbank.org/curated/en/2016/06/26543429/aging-trade-migration http://hdl.handle.net/10986/24657 English en_US Policy Research Working Paper;No. 7740 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	GROWTH RATES TOTAL REVENUE IMMIGRANT SUBSTITUTION ECONOMIC GROWTH DEMAND FUNCTIONS INCOME EXCHANGE LABOR FORCE DOMESTIC MARKET ELASTICITY HEALTH CARE IMMIGRANTS POLITICAL ECONOMY PRICE INDICES MARKET SIZE WELFARE MARKET SHARES POLICY DISCUSSIONS PRICING CHILD REARING HOME MARKET MARGINAL PRODUCTIVITY PRICE PRODUCT QUALITY SAVING POPULATION SIZE INTERNATIONAL BANK BUDGET ADVERTISING DEMAND ANALYSIS FOREIGN TRADE SAVINGS COSTS PER CAPITA INCOME FOREIGN MARKET POPULATION GROWTH PRODUCTS EXTERNALITIES GLOBALIZATION FERTILITY RATE MIGRATION MARKETS ECONOMICS LITERATURE TRADE POLICY PRODUCT ELASTICITY OF SUBSTITUTION INFORMATION PROCESSING UTILITY FINANCE ELDERLY RESPECT PROGRESS EXPENDITURE UNEMPLOYMENT DEMOGRAPHIC TRANSITION CONSUMPTION MIGRANT VALUE ADDED OLDER PEOPLE SUBSTITUTE WAGES POLICIES INTERNATIONAL TRADE HOME COUNTRY IMMIGRATION POLICY FAIRS POLICY RESEARCH WORKING PAPER VALUE POPULATION GROWTH RATES CHANGES IN POPULATION SIZE MACROECONOMICS WORLD ECONOMY DEMOGRAPHIC CHANGE DEMAND UTILITY FUNCTION AGGREGATE DEMAND CHANGES IN FERTILITY EXPENDITURES CONSUMERS EQUATIONS EDUCATIONAL SERVICES POPULATION RESEARCH SHARES MARKET ECONOMIC MODELS POLICY SOCIAL WELFARE CITIZENS OUTPUT INSURANCE TRADE AGING COUNTRY GOODS THEORY CITIZENSHIP MARKET SHARE ECONOMIES OF SCALE GROWTH RATE POPULATION AGEING WARS BILATERAL TRADE WAR NATURAL RESOURCE WORLD POPULATION SHARE COMPARATIVE ADVANTAGE TARIFF IMMIGRATION SUPPLY MARKET DEMAND POLICY IMPLICATIONS YOUNG PEOPLE REVENUE POPULATION LABOR SUPPLY EQUILIBRIUM PRICES MONOPOLISTIC COMPETITION WORLD TRADE POLICY RESEARCH FERTILITY DEMOGRAPHIC PRICE INDEX CONSUMPTION LEVELS OUTCOMES MARGINAL PROPENSITY TO CONSUME POPULATION INCREASES DEMAND FOR SERVICES PRICES DEVELOPMENT POLICY POPULATION DYNAMICS COMPETITION
spellingShingle	GROWTH RATES TOTAL REVENUE IMMIGRANT SUBSTITUTION ECONOMIC GROWTH DEMAND FUNCTIONS INCOME EXCHANGE LABOR FORCE DOMESTIC MARKET ELASTICITY HEALTH CARE IMMIGRANTS POLITICAL ECONOMY PRICE INDICES MARKET SIZE WELFARE MARKET SHARES POLICY DISCUSSIONS PRICING CHILD REARING HOME MARKET MARGINAL PRODUCTIVITY PRICE PRODUCT QUALITY SAVING POPULATION SIZE INTERNATIONAL BANK BUDGET ADVERTISING DEMAND ANALYSIS FOREIGN TRADE SAVINGS COSTS PER CAPITA INCOME FOREIGN MARKET POPULATION GROWTH PRODUCTS EXTERNALITIES GLOBALIZATION FERTILITY RATE MIGRATION MARKETS ECONOMICS LITERATURE TRADE POLICY PRODUCT ELASTICITY OF SUBSTITUTION INFORMATION PROCESSING UTILITY FINANCE ELDERLY RESPECT PROGRESS EXPENDITURE UNEMPLOYMENT DEMOGRAPHIC TRANSITION CONSUMPTION MIGRANT VALUE ADDED OLDER PEOPLE SUBSTITUTE WAGES POLICIES INTERNATIONAL TRADE HOME COUNTRY IMMIGRATION POLICY FAIRS POLICY RESEARCH WORKING PAPER VALUE POPULATION GROWTH RATES CHANGES IN POPULATION SIZE MACROECONOMICS WORLD ECONOMY DEMOGRAPHIC CHANGE DEMAND UTILITY FUNCTION AGGREGATE DEMAND CHANGES IN FERTILITY EXPENDITURES CONSUMERS EQUATIONS EDUCATIONAL SERVICES POPULATION RESEARCH SHARES MARKET ECONOMIC MODELS POLICY SOCIAL WELFARE CITIZENS OUTPUT INSURANCE TRADE AGING COUNTRY GOODS THEORY CITIZENSHIP MARKET SHARE ECONOMIES OF SCALE GROWTH RATE POPULATION AGEING WARS BILATERAL TRADE WAR NATURAL RESOURCE WORLD POPULATION SHARE COMPARATIVE ADVANTAGE TARIFF IMMIGRATION SUPPLY MARKET DEMAND POLICY IMPLICATIONS YOUNG PEOPLE REVENUE POPULATION LABOR SUPPLY EQUILIBRIUM PRICES MONOPOLISTIC COMPETITION WORLD TRADE POLICY RESEARCH FERTILITY DEMOGRAPHIC PRICE INDEX CONSUMPTION LEVELS OUTCOMES MARGINAL PROPENSITY TO CONSUME POPULATION INCREASES DEMAND FOR SERVICES PRICES DEVELOPMENT POLICY POPULATION DYNAMICS COMPETITION Chisik, Richard Onder, Harun Qirjo, Dhimitri Aging, Trade, and Migration
relation	Policy Research Working Paper;No. 7740
description	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.
format	Working Paper
author	Chisik, Richard Onder, Harun Qirjo, Dhimitri
author_facet	Chisik, Richard Onder, Harun Qirjo, Dhimitri
author_sort	Chisik, Richard
title	Aging, Trade, and Migration
title_short	Aging, Trade, and Migration
title_full	Aging, Trade, and Migration
title_fullStr	Aging, Trade, and Migration
title_full_unstemmed	Aging, Trade, and Migration
title_sort	aging, trade, and migration
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/06/26543429/aging-trade-migration http://hdl.handle.net/10986/24657
_version_	1764457303062347776

Aging, Trade, and Migration

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