Replacement migration revisited: Simulations of the effects of selected population and labor market strategies for the aging Europe, 2002-2052

This paper contains the selected results of research concerning the impact of international migration on population dynamics and labor force resources in 27 European countries over the 2002-2052 period. The study presents a set of simulations prepared under various assumptions on target population size and selected proxy indicators of population and labor force structures. The concept of "replacement migration'' is used to illustrate the magnitude of the expected deficit and structural imbalance of the population and labor force in the first half of the 21st century. The results are the basis for making general recommendations for future population, migration, and labor market policy strategies in Europe, taking into account the long-term plausibility of the proposed solutions. It is argued that only a combination of policies aimed at increasing fertility and labor force participation, together with reasonable-level immigration, can help meet socioeconomic challenges posed by population aging.