What are the potential costs and benefits of immigration to the Social Security system? 

Immigration to the United States has both potential costs and benefits for the Social Security system. Eligible legal immigrants have the right to receive pension benefits and also rely on other aspects of the social insurance system such as health care, disability, unemployment insurance, and welfare programs. Their savings have direct positive effects on the domestic economy . However, most undocumented immigrants contribute to the system through taxed wages but are not eligible for these programs unless they attain legal status. A large proportion of their savings translates into remittances that have no direct effects on the domestic economy . In terms of retirement resources, immigrants have lower levels of Social Security benefits than natives, but higher levels of net worth when demographic characteristics are held constant . Accepting more immigrants can lead to a Pareto-improving increase in welfare and help reach the golden rule level in a finite time . However, the net fiscal impact of immigrants on the Social Security system may be costly due to factors such as low education and high fertility .

Immigration as a Policy Tool for the Double Burden Problem of Prefunding Pay-as-you-go Social Security System

The potential benefits of immigration to the Social Security system are analyzed in the paper, but the potential costs are not discussed.

Immigration, Social Security, and Broader Fiscal Impacts

The paper discusses that while rising immigration may help pay for Social Security and public health care, the net fiscal impact of immigrants may be costly rather than beneficial due to their low education and high fertility.

Effects of Legal and Unauthorized Immigration on the U.S. Social Security System

The potential benefits of immigration to the Social Security system include increases in capital stock, output, consumption, labor productivity, and overall welfare. The potential costs are not mentioned in the paper.

ImmIgrants and retIrement resources

The potential costs and benefits of immigration to the Social Security system are not discussed in the provided paper.