We ask which migration policy a developed country will choose when its objective is to attain the optimal skill composition of the country's workforce, and when the policy menu consists of an entry fee and a quota. We compare these two policies under the assumptions that individuals are...

We ask which migration policy a developed country will choose when its objective is to attain the optimal skill composition of the country's workforce, and when the policy menu consists of an entry fee and a quota. We compare these two policies under the assumptions that individuals are...

The paper investigates the impact of international migration on public pay-as-you-go pension systems. It first develops a theoretical framework to analyse the effects of migration on the labour market. The model allows for heterogeneity across individuals and for migration to affect both the...

The paper investigates the impact of international migration on public pay-as-you-go pension systems. It first develops a theoretical framework to analyse the effects of migration on the labour market. The model allows for heterogeneity across individuals and for migration to affect both the...

This paper studies the implications of introducing child care in the human capital production function when assessing the effects of labor income taxation on growth. We develop an OLG model where formal schooling and child care enter the human capital production function as complements and we...