Publication: Aging, Trade, and Migration
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2016-06
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2016-07-11
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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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“Chisik, Richard; Onder, Harun; Qirjo, Dhimitri. 2016. Aging, Trade, and Migration. Policy Research Working Paper;No. 7740. © World Bank. http://hdl.handle.net/10986/24657 License: CC BY 3.0 IGO.”
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