Migrant age profiles and long-run living standards in Australia

Nick Parr*, Ross Guest

*Corresponding author for this work

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

The age profile of immigration to Australia can be altered by public policies. This article applies a method of valuing long term population paths in order to evaluate alternative immigrant age profiles based on a proxy indicator of living standards over time for Australia. Results show that the variation in value of the population path follows an inverted U-shape by immigrant's age. The strength of preference between immigrants aged 20–29 years and older working age immigrants reduces as the social discount rate increases. Higher life expectancy and lower fertility accentuate preference for younger working age immigrants.

Original languageEnglish
Pages (from-to)183-197
Number of pages15
JournalAustralian Economic Review
Volume53
Issue number2
Early online date22 Nov 2019
DOIs
Publication statusPublished - 1 Jun 2020

Keywords

  • Immigrants--Australia
  • immigration
  • Population projection
  • age distribution
  • age effects
  • living standards
  • immigration policy
  • demographic aging
  • Migrant
  • macroeconomic models
  • labour force
  • population modelling

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