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Publication Detailed Description
The impact of international migration on the public pension system: the case of Portugal
Journal Title
International Social Security Review
Year (definitive publication)
2019
Language
English
Country
United States of America
More Information
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Abstract
This article analyses the impact of replacement migration on the financial sustainability of the old-age pension system in Portugal, a country with one of the largest ageing populations in Europe. We do this using demographic forecasts and prospective exercises for the evolution of the Portuguese economy. During the 2015-2060 period, our results evidence the positive impacts of international migration on old-age pension system financial balances, reaching over 3 per cent of GDP after 2045. Moreover, even when taking into considering the low dynamics for the Portuguese economy, replacement migration is an important input to improve pension system financial sustainability.
Acknowledgements
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Keywords
Migrant worker,Social security financing,Pension scheme,Portugal
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
- Sociology - Social Sciences
- Political Science - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| UID/PSI/03125/2013 | Fundação para a Ciência e a Tecnologia |
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