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Optimal Redistributive Tax and Education Policies in General Equilibrium

Jacobs, Bas - CESifo - 2007

Should a redistributive government optimally subsidize education to provoke a reduction in the skill premium through general equilibrium effects on wages? To answer this question, this paper studies optimal linear and non-linear redistributive income taxes and education subsidies in two-type...

Persistent link: https://www.econbiz.de/10005406088

Catalysts for Social Insurance: Education Subsidies vs. Real Capital Taxation

Schindler, Dirk; Yang, Hongyan - CESifo - 2010

To analyze the optimal social insurance package, we set up a two-period life-cycle model with risky human capital investment in which the government has access to labor taxation, education subsidies and capital taxation. Social insurance is provided by redistributive labor taxation. Moreover,...

Persistent link: https://www.econbiz.de/10008833884

Private Investment in Higher Education: Comparing Alternative Funding Schemes

Eckwert, Bernhard; Zilcha, Itzhak - CESifo - 2008

This paper uses an overlapping generations framework to analyze the implications of different financing regimes in the education sector for human capital formation and economic welfare. Agents privately invest in education after they have received a noisy information signal about their...

Persistent link: https://www.econbiz.de/10005405995

Optimal Taxation of Risky Human Capital

Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - CESifo - 2009

In a model with ex-ante homogenous households, earnings risk and a general earnings function, we derive the optimal … (overinvestment) in education due to risk. Education policy unambiguously allows for more social insurance if education is a risky … activity. However, if education hedges against labor market risk, optimal tax rates could be lower than without education …

Persistent link: https://www.econbiz.de/10005094432

Fertility, Human Capital Accumulation, and the Pension System

Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - CESifo - 2009

This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as they relate to pension systems. It considers as overlapping generations model in which every generation consists of high earners and low earners with the proportion of types being...

Persistent link: https://www.econbiz.de/10005029262

Subsidizing Enjoyable Education

Dur, Robert; Glazer, Amihai - CESifo - 2005

We explain why means-tested college tuition and means-tested government grants to college students can be efficient. The critical idea is that attending college is both an investment good and a consumption good. If education has a consumption benefit and tuition is uniform, the marginal rich...

Persistent link: https://www.econbiz.de/10005405812

Irreversible Investment under Interest Rate Variability: New Results

Alvarez, Luis H. R.; Koskela, Erkki - CESifo - 2002

The current extensive literature on irreversible investment decisions makes the assumption of constant interest rate. In this paper we study the impact of interest rate and revenue variability on the decision to carry out an irreversible investment project. Given the generality of the considered...

Persistent link: https://www.econbiz.de/10005094164

Returns to Tenure or Seniority?

Buhai, Sebastian; Portela, Miguel; Teulings, Coenraad N.; … - CESifo - 2008

consider the effects of Employment Protection Legislation and risk aversion. …

Persistent link: https://www.econbiz.de/10005181342

Income Segregation and Local Progressive Taxation: Empirical Evidence from Switzerland

Schmidheiny, Kurt - CESifo - 2004

This study investigates spatial segregation of the population in fiscally decentralized urban areas. The theoretical part proposes the progressivity of local income taxes as a new explanation for income segregation. The empirical part studies how income tax differentials across municipalities in...

Persistent link: https://www.econbiz.de/10005766045

Labor Taxes and Wages: Evidence from Italy

Brunello, Giorgio; Parisi, Maria Laura; Sonedda, Daniela - CESifo - 2002

We study the empirical relationship between labor taxation and pretax wages in Italy. We find that higher tax progressivity increases pretax wages. To explain this result, we introduce in an informal way a relative wage effect and argue that the combination of this effect with the labor supply...

Persistent link: https://www.econbiz.de/10005051515

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