The Effects of Immigration
Elections in the U.S. and in Europe have brought to light just how differently people view the effects of immigration. Among many groups, immigration has fallen out of favor. But an analysis of United Nations data by Fitch Ratings indicates that halting immigration would drastically diminish the potential working population of developed economies, leaving these aging societies more dependent on shrinking labor forces and resulting in significant financial stress on pension systems.
On immigration, Anirban Basu.