Analyzing the Fiscal Impact of U.S. Immigration
使用代际核算方法，分析美国移民对财政平衡的长期影响，发现移民对整体财政失衡的贡献或缓解作用极小，不应被视为主要来源或解决方案。
This paper reconsiders the impact of immigrants over time in the US by using the technique of generational accounting introduced by Auerbach et al. Generational accounting considers not only the net contribution of immigrants to balance but also the size of this impact in relation to the overall balance. It further compares changes in immigration policy to other policies. From the analysis three conclusions were formulated. 1) Whether immigration contributes to or helps alleviate stress depends on the future generations. If the entire imbalance currently estimated for the US is placed on future generations then the presence of new immigrants reduces the burden of the natives. 2) Fiscal gain from immigration is reduced when a policy of fiscal responsibility is followed. The gain is dependent on the extent to which government purchases rise with the immigrant population. 3) The impact of immigration on balance is extremely small in relation to the size of the overall imbalance itself. Thus immigration should not be perceived as a major source of the existing imbalance or as a potential solution to it.