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This is an article
review of state-of-the-art about Mexicans’ migration to the USA, in last 5 years.
We analyzed 4 myths: 1). Migration generates negative effects for the receiving
country because when migrants arrive. 2). Mexicans’ migration to the USA generates
big distortions in the receiving communities and Mexico is the only economic beneficiary.
3). Migrants collapse public health services in USA. 4). Mexican migrants are
mistreated by American authorities. The findings will show the lack of
empirical evidence of these generalized ideas.
Population aging alters decisions of retirement and
intergenerational transfers simultaneously. With the consideration of both
decisions, this paper investigates the economic impacts of population aging in
an Overlapping-Generation (OLG) model under social security coverage. Results
show that the economy grows slower with voluntarily increased elderly labor
supply than otherwise. Ignoring the interactions between these decisions may
lead to a serious mis-estimation. Results also show that mandatory postponing
retirement creates disincentive to saving and hinders the economy. To prevent
the economy from slowing down and fertility from falling, mandatory postponing
retirement must be accompanied by a lower replacement ratio.