Im Zuge der Globalisierung, die sich beispielsweise im gemeinsamen Arbeitsmarkt der EU zeigt, werden die Mobilitätsbarrieren für Humankapital substantiell abgebaut. Die steigende Mobilität hat ambivalente Folgen für das Bildungsniveau der Arbeitskräfte in den einzelnen Ländern. Einerseits...

This paper analyzes the relationship between brain drain, human capital accumulation and individual net incomes in the presence of a redistributional tax policy, credit market constraints, administrative costs of tax collection, and lack of government commitment. We characterize how decreasing...

Im Zuge der Globalisierung, die sich beispielsweise im gemeinsamen Arbeitsmarkt der EU zeigt, werden die Mobilitätsbarrieren für Humankapital substantiell abgebaut. Die steigende Mobilität hat ambivalente Folgen für das Bildungsniveau der Arbeitskräfte in den einzelnen Ländern. Einerseits...

This paper analyzes the relationship between brain drain, human capital accumulation and individual net incomes in the presence of a redistributional tax policy, credit market constraints, administrative costs of tax collection, and lack of government commitment. We characterize how decreasing...

This paper analyses political forces that cause an initial expansion of public spending on higher education and an ensuing decline in subsidies. Growing public expenditures increase the future size of the higher income class and thus boost future demand for education. This demand shift implies...

This paper analyses an electricity market in which a monopolist that employs fossil-fuel base-load and peak-load technologies competes against a fringe of renewable energy (RE) generators. The optimal technology and electricity mix can be decentralised by levying technology-dependent capacity...

This paper analyses an electricity market in which a monopolist that employs fossil-fuel base-load and peak-load technologies competes against a fringe of renewable energy (RE) generators. The optimal technology and electricity mix can be decentralised by levying technology-dependent capacity...

In this paper, we analyse the role of mobility in tax and subsidy competition. Our primary result is that increasing ‘relocation’ mobility of firms leads to increasing ‘net’ tax revenues under fairly weak conditions. While enhanced relocation mobility intensifies tax competition, it...

Aging changes the political power in a democracy in favor of the elder generations. Consequently, the retirees can extend the pay-as-you-go financed pensions. Under free labor mobility like within the EU, the success of gerontocracy, nevertheless, is restricted by migration of the young...