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...
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INFORMATION
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2016/06/30
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WPS7740
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1
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1
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2016/06/30
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Disclosed
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Aging, trade, and migration
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manufactured goods
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