December 2024
11Dec

Immigration and Waning US Labor Force Growth

The growth of the working age population born in the United States has been slowing since 2000, as increasing numbers of native-born workers have been reaching retirement age while smaller generations of young Americans enter their working years. Since 2020, the size of the population aged 18-65 that was born in the United States has actually shrunk. The decline has been most pronounced among non-college educated workers. Corresponding to this decrease in labor supply, unfilled job vacancies and labor...

December 11, 2024
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October 2024
04Oct

Assessing Immigration Impacts in Developing Countries. The Case of Syrian Refugees in Lebanon

By Riccardo Magnani & Marie-Claude KAMAR This article analyzes the effects of low-skilled immigration in developing countries characterized by a large informal sector, high unemployment (especially among highly educated people), and low participation of women in the labor force. We use an OLG model to account for the general equilibrium linkages between the immigration shock, the level of wages and employment, the education choice, and the emigration choice made by natives. The model includes search and matching frictions in the...

October 4, 2024
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July 2024
17Jul

What immigration means for economies as populations get older

Projections by the Census Bureau predict that within 10 years, the number of people 65 and older in the U.S. will be larger than the number of people under 18. Populations getting older is a global trend for the long-industrialized countries — something with sweeping effects on economics, social safety nets and immigration. Marketplace’s senior economics contributor Chris Farrell has been looking into this. He spoke with “Marketplace Morning Report” host David Brancaccio and the following is an edited transcript of their conversation. David...

July 17, 2024
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10Jul

Taiwan Shifts on Immigration as Birth Rate Falls

Taiwan is set to loosen regulations on hiring caregivers, opening the door for more foreigners to meet the rising demand for elderly care in its fast-graying society. A long-standing evaluation will soon no longer be required for the most vulnerable elderly to receive live-in assistance from foreigners, Deputy Labor Minister Wang An-pang told Taiwan's legislature last week. Like its East Asian neighbors, Taiwan is becoming a super-aged society, with people over 65 years old already comprising about 18 percent of the...

July 10, 2024
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05Jul

Pensions for Migrants – Leveraging the Renda Success

By Arun Muralidhar, Leandro Sarai & Sid Muralidhar Since migrants typically come from developing countries, with weak currencies, and are considered informal workers in developed countries, with hard(er) currencies, they slip through the economic and social cracks. Even if they earn a reasonable income, they do not have access to the formal financial sector and hence have no retirement security (much like informal workers in developed or developing countries). Brazil’s digitally-enabled, through Tesouro Direto, RendA+ retirement income bond, designed along the...

July 5, 2024
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June 2024
21Jun

The United States will need 7 million migrants to cover old age support programs for baby boomers

The immigration crisis has become a recurring theme in social gatherings and political debates, and is the main issue of the U.S. presidential election. Amid this discussion, one certainty stands out: while it’s well known that migrants have a need to live in the United States, a study has highlighted that the country needs them too. Twenty percent of U.S. workers were not born in the United States, and it is expected that in the near future more than seven million more migrants...

June 21, 2024
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14Jun

The Aging Experiences of LGBTQ Ethnic Minority Older Adults: A Systematic Review

By Jinwen Chen, Helen McLaren, Michelle Jones & Lida Shams In gerontological research and practice, an increasing amount of attention is being paid to lesbian, gay, bisexual, transgender, and queer (LGBTQ) older people and how their experiences differ from their heterosexual and cisgender counterparts. However, LGBTQ older adults themselves are not a homogenous group. Moreover, as the immigrant populations in industrialized nations age, the number of LGBTQ older adults from ethnic minority backgrounds will only grow. This systematic review hence...

June 14, 2024
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May 2024
14May

‘Cross border’ pension plans continue to grow as global instability rises

Demand for international pensions and savings vehicles is continuing to grow, beyond just expatriate communities, in order to protect local employee groups from increasing political and economic volatility, according to WTW. WTW, a leading global advisory, broking, and solutions company, has launched its latest International Pension Plan Survey, which covers 1028 International Pension and Savings Plans (IPPs and ISPs) with a membership of over 200,000 employees in total. The report found that the number of IPPs and ISPs being offered...

May 14, 2024
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April 2024
12Apr

Latent Cumulative Disadvantage: US Immigrants’ Reversed Economic Assimilation in Later Life

By Leafia Z Ye One of the most salient findings in research on immigration has been that immigrants experience substantial economic mobility as they accumulate more years in the host-society labor force and eventually approach earnings parity with their native-born counterparts. However, we do not know whether this progress is sustained in retirement. In this paper, I develop a framework of Latent Cumulative (Dis)advantage and hypothesize that even as immigrants are approaching parity with the native-born in terms of current...

April 12, 2024
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February 2024
08Feb

US, Asia, Europe face aging populations

The United States, Asian and European countries must prepare for the needs of their aging populations, as there will be 2.1 billion people age 60 and older globally by 2050, the World Health Organization said. More than 82 million Americans will be 65 and older in 26 years, according to the Population Reference Bureau (PRB). Today, there are 58 million in that category. More Americans are turning 65 this year than at any other time in history — about 4.1 million...

February 8, 2024
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