Immigration as a response to aging. Evaluating the economic impact of immigration in the United States.

摘要

This paper analyzes how immigration may contribute to solving the long-term economic problems associated with an ageing population. An empirical model based on Solow (1956) and Romer (1993) is used to evaluate the impacts of immigrants and the human capital brought in by immigrants on Metropolitan Statistical Area's Gross Domestic Product and productivity in the year 2010 and, GDP growth on the years 2010-2014 in the United States. The research analyzes the relative impacts of impacts of immigrant and native workers, both skilled and less skilled using Ordinary Least Squared method. Results suggests that immigrant workers have at least the same impact on GDP, GDP growth and productivity as do native workers. Thus, an increase in the United States labor pool through immigrant workers may be a possible solution to dampen the socio-economic problems associated with an aging population.